Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 01, 2010 |
reported and committed to codes |
Jan 06, 2010 |
referred to aging |
Dec 01, 2009 |
referred to rules |
Senate Bill S6323
2009-2010 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Codes Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(D) Senate District
2009-S6323 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5334
- Current Committee:
- Senate Codes
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §467-g, amd §467, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A5526
2013-2014: A5585
2015-2016: A3979
2017-2018: A2052
2019-2020: A2042
2021-2022: A8484
2009-S6323 (ACTIVE) - Summary
Allows a freeze to be placed upon real property taxes assessed against persons 65 years of age or older having earnings of not more than $32,000 and who have held title to the property for at least two years prior to making an application; requires county to provide notification of those provisions; requires each governing board of any municipal corporation to notify each person owning residential property.
2009-S6323 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6323 TITLE OF BILL : An act to amend the real property tax law, in relation to allowing a real property tax freeze for property owned by certain persons over 65 years of age PURPOSE OR GENERAL IDEA : To amend the real property tax law, in relation to allowing a real property tax freeze for property owned by certain persons over 65 years of age. SUMMARY OF PROVISIONS : Adds a new § 467-e to the real property tax law to provide that a locality, upon the adoption of a local law, may freeze real property tax payments on property owned by persons sixty- five years of age or over. SUBSECTION 1 defines the real property that may be exempted as that property owned by one or more persons, each of whom is sixty-five years of age or over, or real property owned by a husband and wife, one of whom is sixty-five years of age or over. SUBSECTION 2 provides that no taxation freeze shall be granted: -if the income of the owner(s) of the property exceed thirty-two thousand
2009-S6323 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6323 2009-2010 Regular Sessions I N S E N A T E December 1, 2009 ___________ Introduced by Sen. FOLEY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the real property tax law, in relation to allowing a real property tax freeze for property owned by certain persons over 65 years of age THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 467-g to read as follows: S 467-G. REAL PROPERTY TAX FREEZE FOR CERTAIN PERSONS OVER SIXTY-FIVE YEARS OF AGE. 1. REAL PROPERTY OWNED BY ONE OR MORE PERSONS, EACH OF WHOM IS SIXTY-FIVE YEARS OF AGE OR OVER, OR REAL PROPERTY OWNED BY HUSBAND AND WIFE, ONE OF WHOM IS SIXTY-FIVE YEARS OF AGE OR OVER, MAY BE SUBJECT TO A TAXATION FREEZE PROVIDED THE GOVERNING BOARD OF ANY MUNICI- PAL CORPORATION IN WHICH THE REAL PROPERTY IS LOCATED AFTER PUBLIC HEARING, ADOPTS A LOCAL LAW, ORDINANCE OR RESOLUTION PROVIDING THAT REAL PROPERTY TAXES FOR SUCH PROPERTY BE FROZEN AT THE AMOUNTS PAYABLE AT THE TIME SUCH APPLICATION FOR FREEZE IS MADE. 2. NO FREEZE SHALL BE GRANTED: (A) IF THE INCOME OF THE OWNER OR THE COMBINED INCOME OF THE OWNERS OF THE PROPERTY FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF MAKING APPLICATION FOR THE FREEZE EXCEEDS THE SUM OF THIRTY-TWO THOUSAND DOLLARS. INCOME TAX YEAR SHALL MEAN THE TWELVE MONTH PERIOD FOR WHICH THE OWNER OR OWNERS FILED A FEDERAL PERSONAL INCOME TAX RETURN, OR IF NO SUCH RETURN IS FILED, THE CALENDAR YEAR. WHERE TITLE IS VESTED IN EITHER THE HUSBAND OR THE WIFE, THEIR COMBINED INCOME MAY NOT EXCEED SUCH SUM. SUCH INCOME SHALL INCLUDE SOCIAL SECURITY AND RETIREMENT BENEFITS, INTEREST, DIVIDENDS, TOTAL GAIN FROM THE SALE OR EXCHANGE OF A CAPITAL ASSET WHICH MAY BE OFFSET BY A LOSS FROM THE SALE OR EXCHANGE OF A CAPI- TAL ASSET IN THE SAME INCOME TAX YEAR, NET RENTAL INCOME, SALARY OR EARNINGS, AND NET INCOME FROM SELF-EMPLOYMENT, BUT SHALL NOT INCLUDE A EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08799-01-9
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