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NY S03463
Bill
Status
1/27/2025
Primary Sponsor
Pamela Helming
Click for details
AI Summary
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Allows taxpayers who have not received their STAR credit advance payment by December 31st to apply for a traditional STAR exemption instead
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Grants taxpayers 30 days from the end of the prior taxable year or the applicable taxable status date (whichever is later) to submit their exemption application
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Provides a special provision for tax year 2025, giving taxpayers 30 days from the effective date of the law to apply
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Removes the "or as soon thereafter as practicable" language for determining taxpayer eligibility, requiring the commissioner to meet specified deadlines
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Adds interest penalty requirements if the state issues STAR credit payments after the specified deadline, calculated at the rate prescribed in tax law
Legislative Description
Provides that if a taxpayer has not received the advance payment of credit under the STAR program prior to the end of the taxable year then such taxpayer shall have thirty days to file an application for a STAR exemption.
Last Action
REFERRED TO LOCAL GOVERNMENT
1/7/2026