BILL NUMBER: S803
SPONSOR: PALUMBO
 
TITLE OF BILL:
An act to amend a chapter of the laws of 2024 authorizing the town of
Southampton, county of Suffolk, to enact by a local law a homestead
exemption, as proposed in legislative bills numbers S. 2094-A and A.
3872-A, in relation to authorizing a town with a population between
69,000 and 69,500 to enact a homestead exemption by a local law and in
relation to the effectiveness thereof
 
PURPOSE:
This is a chapter amendment that makes changes to the provisions of
chapter 645 of the laws of 2024 to provide technical amendments to the
legislation including replacing the Town name with population limiters
and requiring tax exemptions applications by building owners to be
submitted to the Commissioner of Taxation and Finance and filed with the
Town Assessor.
 
SUMMARY OF PROVISIONS:
Section 1 removes the name of the town and replaces it with, "a popu-
lation between 69,000 and 69;500 as of the 2020 decennial census." The
phrase "real property taxation" is replaced by "real property taxes
levied by such town."
Amends section 1 of the bill to include the following language:
"The exemption shall be granted only upon application by the owner of
such building, on a form prescribed by the commissioner of taxation and
finance, filed with the town assessor on or before the taxable status
date of such town."
Section 2 of the bill provides that the act shall be applicable to
assessment rolls based on taxable status dates occurring on or after the
effective date.
Section 3 sets the effective date.
 
EXISTING LAW:
The underlying chapter provides that Southampton, Suffolk County, is
authorized to provide a homestead exemption from real property taxation
equivalent to the Basic School Tax Relief (STAR) exemption, and must not
exceed $50,000 in full assessed value.
 
JUSTIFICATION:
This legislation is a negotiated change to the underlying chapter to
substitute the town name with population limiters.
 
LEGISLATIVE HISTORY:
This is a chapter amendment to Chapter 645 of the Laws of 2024.
S.2094-A passed the Assembly in June 2024 and A.3872-A passed the Assem-
bly in June 2024.
 
FISCAL IMPLICATIONS:
None to the State.
 
LOCAL FISCAL IMPLICATIONS:
None.
 
EFFECTIVE DATE:
Immediately and shall apply to assessment rolls based on taxable status
dates occurring on or after such effective date, provided, however, that
section one of this act shall take effect on the same date and in the
same manner as the underlying chapter.