New York A 3186: Provides that the amount of a STAR real property tax savings may not be less than the amount of the STAR real property tax savings from the previous year

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A03186 Summary:

BILL NOA03186 

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SAME ASNo Same As

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SPONSOREachus

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COSPNSRPaulin, Buttenschon, Sayegh, Hyndman, Jones, Simon, Woerner, Stern

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MLTSPNSR

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Amd §1306-a, RPT L

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Provides that the amount of a STAR real property tax savings may not be less than the amount of the STAR real property tax savings from the previous year.

Go to top A03186 Actions:

BILL NOA03186 

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01/23/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA03186 Committee&nbspVotes:

Go to topA03186 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA03186 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3186

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 23, 2025
 ___________

 Introduced by M. of A. EACHUS, PAULIN, BUTTENSCHON, SAYEGH, HYNDMAN,
 JONES, SIMON, WOERNER, STERN -- read once and referred to the Commit-
 tee on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to providing that
 the amount of a STAR real property tax savings may not be less than
 the amount of the STAR real property tax savings from the previous
 year

 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 (a) of subdivision 2 of
 2 section 1306-a of the real property tax law, as amended by section 1 of
 3 part LL of chapter 59 of the laws of 2019, is amended to read as
 4 follows:
 5 (i) The tax savings for each parcel receiving the exemption authorized
 6 by section four hundred twenty-five of this chapter shall be computed by
 7 subtracting the amount actually levied against the parcel from the
 8 amount that would have been levied if not for the exemption, provided
 9 however, that for the two thousand eleven-two thousand twelve through
 10 two thousand eighteen-two thousand nineteen school years, the tax
 11 savings applicable to any "portion" (which as used herein shall mean
 12 that part of an assessing unit located within a school district) shall
 13 not exceed the tax savings applicable to that portion in the prior
 14 school year multiplied by one hundred two percent, with the result
 15 rounded to the nearest dollar; and provided further that beginning with
 16 the two thousand nineteen-two thousand twenty school year: (A) for
 17 purposes of the exemption authorized by section four hundred twenty-five
 18 of this chapter, the tax savings applicable to any portion shall [not
 19 exceed] equal the tax savings for the prior year, and (B) for purposes
 20 of the credit authorized by subsection (eee) of section six hundred six
 21 of the tax law, the tax savings applicable to any portion shall not
 22 exceed the tax savings applicable to that portion in the prior school

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06159-01-5

 A. 3186 2

 1 year multiplied by one hundred two percent, with the result rounded to
 2 the nearest dollar nor shall the tax savings applicable to that portion
 3 be less than the tax savings for the prior year. The tax savings attrib-
 4 utable to the basic and enhanced exemptions shall be calculated sepa-
 5 rately. It shall be the responsibility of the commissioner to calculate
 6 tax savings limitations for purposes of this subdivision.
 7 § 2. This act shall take effect on the first of July next succeeding
 8 the date upon which it shall have become a law and shall apply to all
 9 assessments occurring on and after such date.

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