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Bill > S05110
NY S05110
NY S05110Relates to extending the benefits of the STAR program to small businesses; defines small business as a business which employs one hundred persons or less.
summary
Introduced
02/23/2023
02/23/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the real property tax law, in relation to extending the benefits of the STAR program to small businesses
AI Summary
This bill amends the real property tax law to extend the benefits of the STAR (School Tax Relief) program to small businesses. The bill defines a "small business" as a business that employs one hundred persons or less. This change would allow eligible small businesses to receive the STAR exemption, which provides property tax relief, on their primary place of business starting in the 2023 tax year.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
REFERRED TO LOCAL GOVERNMENT (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S5110 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05110&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05110 |
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