Permits a STAR exemption for property owned by a limited liability company where the limited liability company is owned by a person to whom the exemption would have otherwise been granted.
Provides for a real property tax exemption for property owned by single-member limited liability companies where such property serves as the primary residence of such member.
Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.
Amends the definitions of the terms "beneficial owner", "reporting company" and "exempt company" to set the scope of certain provisions relating to beneficial owners of limited liability companies; authorizes the department of state to further clarify any such definitions.
To Allow For Property Owned By A Trust Or A Limited Liability Company To Qualify As A Homestead For Purposes Of The Property Tax Exemption For Disabled Veterans In Certain Circumstances.
To Amend The Homestead Exemption Act; And To Provide That A Homestead Owned By A Limited Liability Company Is Eligible For The Homestead Exemption In Certain Circumstances.