WeVote
Log In

Bill

Bill

S 5850

Relates to the definition of income in relation to the enhanced STAR exemption

2025 Regular Session Introduced by James Skoufis

Redefines income used to calculate the enhanced STAR exemption, potentially changing eligibility and relief amounts for senior homeowners.

REFERRED TO FINANCE
0
WeVote Research Nonpartisan
Bill Summary · S 5850

Summary of Bill S 5850 — Relates to the definition of income in relation to the enhanced STAR exemption

Overview

Bill S 5850 seeks to amend the definition of "income" as it relates to the enhanced STAR (School Tax Relief) exemption in New York. The enhanced STAR exemption provides additional property tax relief to eligible senior homeowners, and how income is defined can influence eligibility and the size of the exemption.

Purpose and Intent

  • The primary aim is to modify how “income” is defined for purposes of the enhanced STAR exemption.
  • By altering the income definition, the bill could affect who qualifies for the enhanced exemption and the amount of relief available to eligible homeowners.

Key Provisions (as indicated by the bill’s title)

  • Redefines or revises the parameters used to determine income for the calculation of the enhanced STAR exemption.
  • The exact inclusions, exclusions, thresholds, or methodology are not provided in the available summary, but the change centers on income as a determinant for enhanced STAR benefits.

Who Would be Affected

  • Primary: Homeowners who qualify for the enhanced STAR exemption, typically seniors with income that meets the applicable eligibility criteria.
  • Potentially affected groups include residents aged 65 and older whose eligibility or benefit level could change based on how income is counted.

Procedural and Timeline Aspects

  • Introduced: March 3, 2025
  • Current Status: Referred to the Senate Finance Committee (listed as “REFERRED TO FINANCE” on 2025-03-03; appears twice in the action log, which is a formatting note rather than a separate action)
  • Sponsor: Senator James Skoufis (primary)
  • Related/Companion and Prior-Session Legislation:
    • Related Senate bills: S 6058, S 2313, S 1645, S 1133 (prior-session)
    • Companion Assembly bill: A 666 (listed as a companion)
  • Next steps (not specified in the provided text): If advanced, the bill would move through the Finance committee for consideration, possible amendments, and eventually through the chamber for a vote. Fiscal impact analysis or a fiscal note may accompany committee review.

Context and Related Bills

  • The presence of multiple related bills (S 6058, S 2313, S 1645, S 1133) in prior sessions and the companion A 666 suggest ongoing legislative interest in refining STAR-related income definitions and eligibility criteria.

Potential Impacts

  • Depending on how income is redefined, eligibility for the enhanced STAR exemption could broaden or narrow; the exemption amount could increase or decrease accordingly.
  • Changes would likely influence property tax relief for eligible seniors and could have implications for school district tax revenues and local budgeting.

Note: The specific text of S 5850 is not provided here, so details on exact definitional changes, effective dates, or transition rules are not available in this summary.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.