Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
803
2025-2026 Regular Sessions
I N S E N A T E
(PREFILED)
January 8, 2025
___________
Introduced by Sen. PALUMBO -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
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
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 1 of a chapter of the laws of 2024 authorizing the
town of Southampton, county of Suffolk, to enact by a local law a home-
stead exemption, as proposed in legislative bills numbers S. 2094-A and
A. 3872-A, is amended to read as follows:
Section 1. Notwithstanding any provision of law to the contrary, [the]
A town [of Southampton, county of Suffolk] WITH A POPULATION BETWEEN
69,000 AND 69,500 AS OF THE 2020 DECENNIAL CENSUS may enact by local law
a homestead exemption from real property [taxation] TAXES LEVIED BY SUCH
TOWN as provided herein. Eligibility for such homestead exemption shall
be the same as for the basic school tax relief (STAR) exemption pursuant
to subdivision 3 of section 425 of the real property tax law. The
exemption shall be uniform for all eligible real property and shall not
exceed $50,000 in full [assessed] value. 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.
§ 2. Section 2 of 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, is amended to read as follows:
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02805-01-5
S. 803 2
§ 2. This act shall take effect immediately AND SHALL APPLY TO ASSESS-
MENT ROLLS BASED ON TAXABLE STATUS DATES OCCURRING ON OR AFTER SUCH
EFFECTIVE DATE.
§ 3. This act shall take effect immediately; provided, however, that
section one of this act shall take effect on the same date and in the
same manner as 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, takes effect.Every fact on this page links to its source, starting with the official bill record.