NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A2383
SPONSOR: Gandolfo (MS) TITLE OF BILL:
An act to amend the real property tax law, in relation to raising the
income cap for senior citizens applying for the enhanced STAR property
tax exemption
PURPOSE OR GENERAL IDEA OF BILL:
To increase the income cap level for senior citizens applying for the
enhanced STAR property tax exemption to one hundred twenty thousand
dollars.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1. Subparagraph (i) of paragraph (b) of subdivision 4 of section
425 of the real property tax law is amended by adding a new clause (B-1)
to read as follows:
(B-1) For final assessment rolls to be completed in two thousand twen-
ty-four, eligibility for the exemption shall be based upon income for
the income tax year immediately preceding the date of making application
for the exemption, and the income standard shall be one hundred twenty
Thousand dollars.
§ 2. This act shall take effect immediately and shall apply to all tax
years commencing on or after such date.
JUSTIFICATION:
The STAR program has provided seniors across the State with needed tax
relief. An audit provided by NYS Comptroller Thomas DiNapoli has calcu-
lated total STAR Exemptions in 2018 to be 3,097,580-of which 671,553 are
enrolled in the STAR Enhanced exemptions. Senior citizens who live on
fixed incomes have been able to remain in their homes, due to their
eligibility to the enhanced STAR exemption. While the cost of living has
increased, the STAR cap has not adjusted to fit the economic strain of
senior citizens in the state. In order to ensure economic security for
the senior citizens of this state; it is imperative to increase the
income cap level to one hundred twenty thousand dollars.
PRIOR LEGISLATIVE HISTORY:
A7793 of 2013/2014: Referred to Real Property Taxation;
A1621 of 2015/2016: Referred to Real Property Taxation;
A5853 of 2017/2018: Referred to Real Property Taxation;
A4804 of 2019/2020: Referred to real property taxation;
A5353 of 2021/2022: Held for consideration in real property taxation;
A2769 of 2023/2024: referred to real property taxation
FISCAL IMPLICATIONS:
To be determined.
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to all tax years
commencing on or after it shall have become law.
STATE OF NEW YORK
________________________________________________________________________
2383
2025-2026 Regular Sessions
IN ASSEMBLY
January 16, 2025
___________
Introduced by M. of A. GANDOLFO, DURSO, SMULLEN, MANKTELOW, GIGLIO,
JENSEN, DeSTEFANO, ANGELINO, McDONOUGH, GALLAHAN, MIKULIN, PIROZZOLO,
BEEPHAN, BROOK-KRASNY -- Multi-Sponsored by -- M. of A. BLANKENBUSH,
BRABENEC, COLTON, COOK, DiPIETRO, HAWLEY, MILLER, PALMESANO, RA,
ROZIC, STECK -- read once and referred to the Committee on Real Prop-
erty Taxation
AN ACT to amend the real property tax law, in relation to raising the
income cap for senior citizens applying for the enhanced STAR property
tax exemption
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraph (i) of paragraph (b) of subdivision 4 of
2 section 425 of the real property tax law is amended by adding a new
3 clause (B-1) to read as follows:
4 (B-1) For final assessment rolls to be completed in two thousand twen-
5 ty-four, eligibility for the exemption shall be based upon income for
6 the income tax year immediately preceding the date of making application
7 for the exemption, and the income standard shall be one hundred twenty
8 thousand dollars.
9 § 2. This act shall take effect immediately and shall apply to all tax
10 years commencing on or after such date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04555-01-5
