senate Bill S1529

Permits a governing board of a municipality to grant a total exemption from real property taxation in certain instances for persons 75 years of age or over

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 02 / Feb / 2009
    • REFERRED TO AGING
  • 06 / Jan / 2010
    • REFERRED TO AGING

Summary

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Bill Details

See Assembly Version of this Bill:
A4651
Versions:
S1529
Legislative Cycle:
2009-2010
Current Committee:
Senate Aging
Law Section:
Real Property Tax Law

Sponsor Memo

BILL NUMBER: S1529

TITLE OF BILL :
An act to amend the real property tax law, in relation to granting a
total exemption from real property taxation for school tax purposes
for certain persons seventy-five years of age or over


PURPOSE :
This legislation permits a governing board of a municipality to grant
a total exemption from real property taxation for school tax purposes
in certain instances for persons 75 years of age or over.

SUMMARY OF PROVISIONS :
Adds a new section 467-g to the Real Property Tax Law.

JUSTIFICATION :
Seniors in New York who own their homes are facing an ever increasing
tax burden. Many of these seniors have limited income which makes
school taxes even more difficult to bear. This legislation will exempt
senior homeowners who have no children in school and who have lived in
the school district for thirty years or more from having to pay school
taxes.

LEGISLATIVE HISTORY :
2006: S.6273-A - Passed Senate
2007: S.245A - Passed Senate
2008: S.245A - Advanced to Third Reading

FISCAL IMPLICATIONS :
To be determined.

EFFECTIVE DATE :
This act shall take effect immediately and shall apply to assessment
rolls prepared on the basis of taxable status dates occurring on or
after the first of January next succeeding the date on which this act
shall have become law.
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