S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6807

                            I N  S E N A T E

                             March 12, 2014
                               ___________

Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Aging

AN ACT to amend the real property tax law, in relation to increasing the
  allowable maximum income of persons occupying rental  units  otherwise
  eligible for tax abatement in certain cases

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph a of subdivision 3 of section 467-b of  the  real
property  tax  law, as separately amended by chapters 188 and 205 of the
laws of 2005, is amended to read as follows:
  a. for a dwelling unit where the head of the  household  is  a  person
sixty-two  years  of  age or older, no tax abatement shall be granted if
the combined income of all members of the household for the  income  tax
year  immediately  preceding the date of making application exceeds four
thousand dollars, or such other sum not more than  twenty-five  thousand
dollars  beginning  July  first,  two thousand five, twenty-six thousand
dollars beginning July first, two thousand  six,  twenty-seven  thousand
dollars  beginning July first, two thousand seven, twenty-eight thousand
dollars beginning July first,  two  thousand  eight,  [and]  twenty-nine
thousand   dollars   beginning   July  first,  two  thousand  nine,  AND
THIRTY-FIVE THOUSAND DOLLARS BEGINNING JULY FIRST,  TWO  THOUSAND  FOUR-
TEEN,  as  may  be  provided  by  the local law, ordinance or resolution
adopted pursuant to this section, provided that when  the  head  of  the
household  retires  before  the commencement of such income tax year and
the date of filing the application, the income  for  such  year  may  be
adjusted  by  excluding  salary  or  earnings  and projecting his or her
retirement income over the entire period of such year.
  S 2. Paragraph d of subdivision 1 of section 467-c of the real proper-
ty tax law, as separately amended by chapters 188 and 205 of the laws of
2005, is amended to read as follows:
  d. "Eligible head of the household" means (1) a person or his  or  her
spouse  who  is  sixty-two  years of age or older and is entitled to the
possession or to the use and occupancy of  a  dwelling  unit,  provided,
however,  with  respect  to  a  dwelling which was subject to a mortgage

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

                                                           LBD14412-01-4

S. 6807                             2

insured or initially insured  by  the  federal  government  pursuant  to
section  two  hundred  thirteen  of the National Housing Act, as amended
"eligible head of the household" shall be limited to that person or  his
or her spouse who was entitled to possession or the use and occupancy of
such  dwelling  unit  at  the  time of termination of such mortgage, and
whose income when combined with the income of all other members  of  the
household,  does  not  exceed  six thousand five hundred dollars for the
taxable period, or such other  sum  not  less  than  sixty-five  hundred
dollars nor more than twenty-five thousand dollars beginning July first,
two thousand five, twenty-six thousand dollars beginning July first, two
thousand  six,  twenty-seven  thousand dollars beginning July first, two
thousand seven, twenty-eight thousand dollars beginning July first,  two
thousand eight, [and] twenty-nine thousand dollars beginning July first,
two  thousand  nine,  AND  THIRTY-FIVE  THOUSAND  DOLLARS BEGINNING JULY
FIRST, TWO THOUSAND FOURTEEN, as may be provided by local law; or (2)  a
person with a disability as defined in this subdivision.
  S  3.  This act shall take effect immediately, provided, however, that
the amendments to subdivision 3 of section 467-b of  the  real  property
tax  law made by section one this act shall not affect the expiration of
such subdivision and shall be deemed to expire therewith.