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Assembly Bill A5736

2009-2010 Legislative Session

Permits senior citizens to substitute a more recent year's income for purposes of meeting the income eligibility requirements for the enhanced STAR exemption

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Archive: Last Bill Status - In Assembly Committee

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2009-A5736 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง425, RPT L
Versions Introduced in Other Legislative Sessions:
2011-2012: A5011, A9241
2013-2014: A4675

2009-A5736 (ACTIVE) - Summary

Permits senior citizens to substitute a more recent year's income for purposes of meeting the income eligibility requirements for the enhanced STAR exemption in cases of a decrease in income from the previous year such as would render them currently although not previously eligible.

2009-A5736 (ACTIVE) - Bill Text download pdf

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

                                  5736

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 19, 2009
                               ___________

Introduced  by  M.  of  A. HAYES, BARCLAY, CROUCH, FINCH, RAIA, SAYWARD,
  WALKER -- Multi-Sponsored by -- M. of A. BACALLES,  BURLING,  CALHOUN,
  DUPREY,  ERRIGO,  GIGLIO,  HAWLEY,  KOLB,  McKEVITT,  MOLINARO,  OAKS,
  O'MARA, QUINN, TEDISCO, THIELE, TOWNSEND -- read once and referred  to
  the Committee on Real Property Taxation

AN  ACT  to  amend  the real property tax law, in relation to permitting
  senior citizens to substitute a more recent year's income for purposes
  of determining eligibility for the enhanced exemption for  school  tax
  relief

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

  Section 1. Subparagraph (i) of  paragraph  (b)  of  subdivision  4  of
section  425  of  the  real  property tax law is amended by adding a new
clause (C-1) to read as follows:
  (C-1) NOTWITHSTANDING THE PROVISIONS OF CLAUSES (B) AND  (C)  OF  THIS
SUBPARAGRAPH,  IN  THE EVENT THAT A SENIOR CITIZEN WHO WOULD BE ELIGIBLE
FOR THE ENHANCED EXEMPTION BUT FOR INCOME IN EXCESS  OF  THE  APPLICABLE
INCOME STANDARD EXPERIENCES A DECREASE IN INCOME FROM TAX YEAR TWO THOU-
SAND  EIGHT  TO  TAX  YEAR  TWO  THOUSAND NINE, THEN FOR THE PURPOSES OF
DETERMINING ELIGIBILITY FOR THE ENHANCED  EXEMPTION  FOR  THE  YEAR  TWO
THOUSAND TEN, SUCH SENIOR CITIZEN MAY SUBSTITUTE HIS OR HER TWO THOUSAND
NINE INCOME FOR HIS OR HER TWO THOUSAND EIGHT INCOME IF SUCH DECREASE IN
INCOME  RESULTS  IN  SUCH SENIOR CITIZEN'S INCOME MEETING THE APPLICABLE
INCOME STANDARD FOR THE YEAR TWO THOUSAND TEN; PROVIDED  THAT  SUCH  TWO
THOUSAND  NINE  INCOME  TAX  RETURN  HAS BEEN FILED WITH THE APPROPRIATE
STATE OR FEDERAL AGENCY, OR OTHER DOCUMENTATION  OF  INCOME  ELIGIBILITY
HAS  BEEN  FILED WITH THE ASSESSOR OF APPROPRIATE JURISDICTION, PRIOR TO
THE APPROPRIATE TAXABLE STATUS DATE. FOR EACH  SUBSEQUENT  SCHOOL  YEAR,
THE APPLICABLE INCOME TAX AND STAR YEARS SHALL BE ADVANCED BY ONE YEAR.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07562-01-9

A. 5736                             2
              

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