Senate Bill S198

2023-2024 Legislative Session

Authorizes municipalities within the State of New York to establish a senior citizen longtime resident real property tax exemption

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Aging 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

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2023-S198 (ACTIVE) - Details

Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-m, RPT L
Versions Introduced in Other Legislative Sessions:
2015-2016: S8021
2017-2018: S6864, S6934
2019-2020: S1065
2021-2022: S1688

2023-S198 (ACTIVE) - Summary

Authorizes municipalities within the state of New York to establish a senior citizen longtime resident real property tax exemption.

2023-S198 (ACTIVE) - Sponsor Memo

2023-S198 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    198
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 4, 2023
                                ___________
 
 Introduced  by Sen. GALLIVAN -- 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 establishing a
   senior citizen longtime resident exemption in certain municipalities

   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-m to read as follows:
   § 467-M. SENIOR CITIZEN LONGTIME RESIDENT EXEMPTION. 1. ESTABLISHMENT.
 ANY MUNICIPAL CORPORATION, AFTER CONDUCTING A PUBLIC HEARING, MAY  ADOPT
 A LOCAL LAW TO GRANT A SENIOR CITIZEN LONGTIME RESIDENT EXEMPTION PURSU-
 ANT TO THIS SECTION.
   2. ELIGIBILITY. NO EXEMPTION SHALL BE GRANTED PURSUANT TO THIS SECTION
 UNLESS:
   (1)  THE PROPERTY IS A ONE-, TWO- OR THREE-FAMILY RESIDENTIAL PROPERTY
 LOCATED WITHIN A UNITED STATES CENSUS TRACT THAT HAS A MEDIAN INCOME NOT
 EXCEEDING SIXTEEN THOUSAND FIFTY-SIX DOLLARS ACCORDING TO THE TWO  THOU-
 SAND   TEN  DECENNIAL  CENSUS.  A  MUNICIPAL  CORPORATION  ADOPTING  THE
 PROVISIONS OF THIS SECTION MAY BY LOCAL LAW FURTHER LIMIT THE  EXEMPTION
 TO  SPECIFIC  AREAS WITHIN SUCH MUNICIPALITY EXPERIENCING AN INCREASE IN
 PROPERTY VALUES DUE TO NEW  DEVELOPMENT  OCCURRING  THEREIN,  WHICH  PUT
 SENIOR CITIZEN LONGTIME RESIDENTS AT RISK OF DISPLACEMENT;
   (2) THE PROPERTY SERVES AS THE PRIMARY RESIDENCE OF ONE OR MORE OF THE
 OWNERS;
   (3)  ALL  OF THE OWNERS ARE AT LEAST SIXTY-FIVE YEARS OF AGE OR OLDER,
 OR IN THE CASE OF PROPERTY OWNED BY HUSBAND AND WIFE OR BY SIBLINGS, ONE
 OF THE OWNERS IS AT LEAST SIXTY-FIVE YEARS OF AGE,  AS  OF  THE  TAXABLE
 STATUS DATE.  AT THE OPTION OF THE MUNICIPAL CORPORATION, WHICH SHALL BE
 SPECIFIED  IN THE LOCAL LAW ADOPTING THE PROVISIONS OF THIS SECTION, ANY
 PERSON OTHERWISE QUALIFYING UNDER THIS SECTION SHALL NOT BE  DENIED  THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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