New York Senate Bill S02094 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 2094--A 2023-2024 Regular Sessions  IN SENATE January 18, 2023 ___________ Introduced by Sen. PALUMBO -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- recom- mitted to the Committee on Local Government in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT authorizing the town of Southampton, county of Suffolk, to enact by a local law a homestead exemption The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any provision of law to the contrary, the 2 town of Southampton, county of Suffolk may enact by local law a home- 3 stead exemption from real property taxation as provided herein. Eligi- 4 bility for such homestead exemption shall be the same as for the basic 5 school tax relief (STAR) exemption pursuant to subdivision 3 of section 6 425 of the real property tax law. The exemption shall be uniform for all 7 eligible real property and shall not exceed $50,000 in full assessed 8 value. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04835-03-4