NY State Assembly Bill A3740A

Archive: Last Bill Status - In Assembly Committee

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

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Actions

view actions (4)

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 20, 2012	print number 3740a
Jan 20, 2012	amend and recommit to aging
Jan 04, 2012	referred to aging
Jan 27, 2011	referred to aging

Bill Amendments

Original

A (Active)

Original

A (Active)

A3740 - Details

See Senate Version of this Bill:: S2212
Current Committee:: Assembly Aging
Law Section:: Real Property Tax Law
Laws Affected:: Amd §467, RPT L
Versions Introduced in Other Legislative Sessions:: 2009-2010: A4709, S2022
2013-2014: A463, S3585
2015-2016: A5416, S1074
2017-2018: A7544, S237
2019-2020: A6874

A3740 - Summary

Increases maximum income eligibility levels for real property tax exemptions for seniors.

A3740 - Bill Text download pdf

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

                                  3740

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2011
                               ___________

Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
  Committee on Aging

AN ACT to amend the real property tax law,  in  relation  to  increasing
  maximum income eligibility levels for real property tax exemptions for
  seniors

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

  Section 1. Paragraphs (c) and (d) of subdivision 1 of section  467  of
the real property tax law are relettered paragraphs (g) and (h) and four
new paragraphs (c), (d), (e) and (f) are added to read as follows:
  (C)  ON  AND AFTER JULY FIRST, TWO THOUSAND TWELVE, (1) ANY LOCAL LAW,
ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
VISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR  RESOLUTION  MAY  BE
ADOPTED,  TO  PROVIDE  AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME
ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN  SUBDIVI-
SION  THREE  OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS
M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
MORE THAN (M) BUT
LESS THAN (M+ $1,250)                   45 PER CENTUM
(M+ $1,250 OR MORE) BUT
LESS THAN (M+ $2,500)                   40 PER CENTUM
(M+ $2,500 OR MORE) BUT
LESS THAN (M+ $3,750)                   35 PER CENTUM
(M+ $3,750 OR MORE) BUT
LESS THAN (M+ $4,875)                   30 PER CENTUM
(M+ $4,875 OR MORE) BUT
LESS THAN (M+ $6,000)                   25 PER CENTUM
(M+ $6,000 OR MORE) BUT
LESS THAN (M+ $7,125)                   20 PER CENTUM

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04956-02-1

A. 3740                             2

  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL  LAW,  ORDINANCE
OR  RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE
THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH  MUNICIPAL  CORPORATION  AS
PROVIDED  IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $7,125 OR MORE) BUT
LESS THAN (M+ $8,250)                   15 PER CENTUM
(M+ $8,250 OR MORE) BUT
LESS THAN (M+ $9,375)                    10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR  A  LOCAL  LAW,
ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO
INCREASE  THE  MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO-
RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED  IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $9,375 OR MORE)
BUT LESS THAN (M+ $10,500)              5 PER CENTUM

  (D) ON AND AFTER JULY FIRST, TWO THOUSAND THIRTEEN, (1) ANY LOCAL LAW,
ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
VISION  MAY  BE  AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE  THE  MAXIMUM  INCOME
ELIGIBILITY  LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW  SCHEDULE  AS
M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

MORE THAN (M) BUT                       45 PER CENTUM
LESS THAN (M+ $1,500)
(M+ $1,500 OR MORE) BUT                 40 PER CENTUM
LESS THAN (M+ $3,000)
(M+ $3,000 OR MORE) BUT
LESS THAN (M+ $4,500)                   35 PER CENTUM
(M+ $4,500 OR MORE) BUT
LESS THAN (M+ $5,850)                   30 PER CENTUM
(M+ $5,850 OR MORE) BUT
LESS THAN (M+ $7,200)                   25 PER CENTUM
(M+ $7,200 OR MORE) BUT
LESS THAN (M+ $8,550)                   20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE
OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO  INCREASE

A. 3740                             3

THE  MAXIMUM  INCOME  ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $8,550 OR MORE) BUT
LESS THAN (M+ $9,900)                   15 PER CENTUM
(M+ $9,900 OR MORE) BUT
LESS THAN (M+ $11,250)                  10 PER CENTUM
  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
ORDINANCE OR RESOLUTION MAY BE ADOPTED TO PROVIDE AN EXEMPTION SO AS  TO
INCREASE  THE  MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO-
RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED  IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
  ANNUAL INCOME                         PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $11,250 OR MORE)
BUT LESS THAN (M+ $12,600)                       5 PER CENTUM

  (E) ON AND AFTER JULY FIRST, TWO THOUSAND FOURTEEN, (1) ANY LOCAL LAW,
ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
VISION  MAY  BE  AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE  THE  MAXIMUM  INCOME
ELIGIBILITY  LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW  SCHEDULE  AS
M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
MORE THAN (M) BUT
LESS THAN (M+ $1,750)                           45 PER CENTUM

(M+ $1,750 OR MORE) BUT
LESS THAN (M+ $3,500)                           40 PER CENTUM

(M+ $3,500 OR MORE) BUT
LESS THAN (M+ $5,250)                           35 PER CENTUM

(M+ $5,250 OR MORE) BUT
LESS THAN (M+ $6,825)                           30 PER CENTUM

(M+ $6,825 OR MORE) BUT
LESS THAN (M+ $8,400)                           25 PER CENTUM

(M+ $8,400 OR MORE) BUT
LESS THAN (M+ $9,975)                           20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE
OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO  INCREASE
THE  MAXIMUM  INCOME  ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-

A. 3740                             4

INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $9,975 OR MORE) BUT
LESS THAN (M+ $11,550)                  15 PER CENTUM
(M+ $11,550 OR MORE) BUT
LESS THAN (M+ $13,125)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO
INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH  MUNICIPAL  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $13,125 OR MORE)
BUT LESS THAN (M+ $14,700)              5 PER CENTUM

  (F) ON AND AFTER JULY FIRST, TWO THOUSAND FIFTEEN, (1) ANY LOCAL  LAW,
ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
VISION  MAY  BE  AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE  THE  MAXIMUM  INCOME
ELIGIBILITY  LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW  SCHEDULE  AS
M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
MORE THAN (M) BUT
LESS THAN (M+ $2,000)                   45 PER CENTUM
(M+ $2,000 OR MORE) BUT
LESS THAN (M+ $4,000)                   40 PER CENTUM
(M+ $4,000 OR MORE) BUT
LESS THAN (M+ $6,000)                   35 PER CENTUM
(M+ $6,000 OR MORE) BUT
LESS THAN (M+ $7,800)                   30 PER CENTUM
(M+ $7,800 OR MORE) BUT
LESS THAN (M+ $9,600)                   25 PER CENTUM
(M+ $9,600 OR MORE) BUT
LESS THAN (M+ $11,400)                  20 PER CENTUM

  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE
OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO  INCREASE
THE  MAXIMUM  INCOME  ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $11,400 OR MORE) BUT

A. 3740                             5

LESS THAN (M+ $13,200)                  15 PER CENTUM
(M+ $13,200 OR MORE) BUT
LESS THAN (M+ $15,000)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO
INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH  MUNICIPAL  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $15,000 OR MORE) BUT
LESS THAN (M+ $16,800)                  5 PER CENTUM
  S 2. This act shall take effect immediately.

A3740A (ACTIVE) - Details

See Senate Version of this Bill:: S2212
Current Committee:: Assembly Aging
Law Section:: Real Property Tax Law
Laws Affected:: Amd §467, RPT L
Versions Introduced in Other Legislative Sessions:: 2009-2010: A4709, S2022
2013-2014: A463, S3585
2015-2016: A5416, S1074
2017-2018: A7544, S237
2019-2020: A6874

A3740A (ACTIVE) - Summary

Increases maximum income eligibility levels for real property tax exemptions for seniors.

A3740A (ACTIVE) - Bill Text download pdf

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

                                 3740--A

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2011
                               ___________

Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
  Committee on Aging -- recommitted to the Committee on Aging in accord-
  ance with Assembly Rule  3,  sec.  2  --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to amend the real property tax law,  in  relation  to  increasing
  maximum income eligibility levels for real property tax exemptions for
  seniors

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

  Section 1. Paragraphs (c) and (d) of subdivision 1 of section  467  of
the real property tax law are relettered paragraphs (g) and (h) and four
new paragraphs (c), (d), (e) and (f) are added to read as follows:
  (C) ON AND AFTER JULY FIRST, TWO THOUSAND THIRTEEN, (1) ANY LOCAL LAW,
ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
VISION  MAY  BE  AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE  THE  MAXIMUM  INCOME
ELIGIBILITY  LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW  SCHEDULE  AS
M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
MORE THAN (M) BUT
LESS THAN (M+ $1,250)                   45 PER CENTUM
(M+ $1,250 OR MORE) BUT
LESS THAN (M+ $2,500)                   40 PER CENTUM
(M+ $2,500 OR MORE) BUT
LESS THAN (M+ $3,750)                   35 PER CENTUM
(M+ $3,750 OR MORE) BUT
LESS THAN (M+ $4,875)                   30 PER CENTUM
(M+ $4,875 OR MORE) BUT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04956-03-2

A. 3740--A                          2

LESS THAN (M+ $6,000)                   25 PER CENTUM
(M+ $6,000 OR MORE) BUT
LESS THAN (M+ $7,125)                   20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE
OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO  INCREASE
THE  MAXIMUM  INCOME  ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $7,125 OR MORE) BUT
LESS THAN (M+ $8,250)                   15 PER CENTUM
(M+ $8,250 OR MORE) BUT
LESS THAN (M+ $9,375)                    10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO
INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH  MUNICIPAL  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $9,375 OR MORE)
BUT LESS THAN (M+ $10,500)              5 PER CENTUM

  (D) ON AND AFTER JULY FIRST, TWO THOUSAND FOURTEEN, (1) ANY LOCAL LAW,
ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
VISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR  RESOLUTION  MAY  BE
ADOPTED,  TO  PROVIDE  AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME
ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN  SUBDIVI-
SION  THREE  OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS
M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

MORE THAN (M) BUT                       45 PER CENTUM
LESS THAN (M+ $1,500)
(M+ $1,500 OR MORE) BUT                 40 PER CENTUM
LESS THAN (M+ $3,000)
(M+ $3,000 OR MORE) BUT
LESS THAN (M+ $4,500)                   35 PER CENTUM
(M+ $4,500 OR MORE) BUT
LESS THAN (M+ $5,850)                   30 PER CENTUM
(M+ $5,850 OR MORE) BUT
LESS THAN (M+ $7,200)                   25 PER CENTUM
(M+ $7,200 OR MORE) BUT
LESS THAN (M+ $8,550)                   20 PER CENTUM

A. 3740--A                          3

  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL  LAW,  ORDINANCE
OR  RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE
THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH  MUNICIPAL  CORPORATION  AS
PROVIDED  IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $8,550 OR MORE) BUT
LESS THAN (M+ $9,900)                   15 PER CENTUM
(M+ $9,900 OR MORE) BUT
LESS THAN (M+ $11,250)                  10 PER CENTUM
  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR  A  LOCAL  LAW,
ORDINANCE  OR RESOLUTION MAY BE ADOPTED TO PROVIDE AN EXEMPTION SO AS TO
INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH  MUNICIPAL  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
  ANNUAL INCOME                         PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $11,250 OR MORE)
BUT LESS THAN (M+ $12,600)                       5 PER CENTUM

  (E) ON AND AFTER JULY FIRST, TWO THOUSAND FIFTEEN, (1) ANY LOCAL  LAW,
ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
VISION  MAY  BE  AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE  THE  MAXIMUM  INCOME
ELIGIBILITY  LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW  SCHEDULE  AS
M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
MORE THAN (M) BUT
LESS THAN (M+ $1,750)                           45 PER CENTUM

(M+ $1,750 OR MORE) BUT
LESS THAN (M+ $3,500)                           40 PER CENTUM

(M+ $3,500 OR MORE) BUT
LESS THAN (M+ $5,250)                           35 PER CENTUM

(M+ $5,250 OR MORE) BUT
LESS THAN (M+ $6,825)                           30 PER CENTUM

(M+ $6,825 OR MORE) BUT
LESS THAN (M+ $8,400)                           25 PER CENTUM

(M+ $8,400 OR MORE) BUT
LESS THAN (M+ $9,975)                           20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE

A. 3740--A                          4

OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO  INCREASE
THE  MAXIMUM  INCOME  ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $9,975 OR MORE) BUT
LESS THAN (M+ $11,550)                  15 PER CENTUM
(M+ $11,550 OR MORE) BUT
LESS THAN (M+ $13,125)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO
INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH  MUNICIPAL  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $13,125 OR MORE)
BUT LESS THAN (M+ $14,700)              5 PER CENTUM

  (F) ON AND AFTER JULY FIRST, TWO THOUSAND SIXTEEN, (1) ANY LOCAL  LAW,
ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
VISION  MAY  BE  AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE  THE  MAXIMUM  INCOME
ELIGIBILITY  LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW  SCHEDULE  AS
M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
MORE THAN (M) BUT
LESS THAN (M+ $2,000)                   45 PER CENTUM
(M+ $2,000 OR MORE) BUT
LESS THAN (M+ $4,000)                   40 PER CENTUM
(M+ $4,000 OR MORE) BUT
LESS THAN (M+ $6,000)                   35 PER CENTUM
(M+ $6,000 OR MORE) BUT
LESS THAN (M+ $7,800)                   30 PER CENTUM
(M+ $7,800 OR MORE) BUT
LESS THAN (M+ $9,600)                   25 PER CENTUM
(M+ $9,600 OR MORE) BUT
LESS THAN (M+ $11,400)                  20 PER CENTUM

  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE
OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO  INCREASE
THE  MAXIMUM  INCOME  ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

A. 3740--A                          5

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $11,400 OR MORE) BUT
LESS THAN (M+ $13,200)                  15 PER CENTUM
(M+ $13,200 OR MORE) BUT
LESS THAN (M+ $15,000)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO
INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH  MUNICIPAL  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $15,000 OR MORE) BUT
LESS THAN (M+ $16,800)                  5 PER CENTUM
  S 2. This act shall take effect immediately.

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The New York State Senate

assembly Bill A3740A

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Archive: Last Bill Status - In Assembly Committee

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A3740 - Details

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A3740A (ACTIVE) - Details

A3740A (ACTIVE) - Summary

A3740A (ACTIVE) - Bill Text download pdf

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assembly Bill A3740A

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ENGLEBRIGHT

Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

A3740 - Details

A3740 - Summary

A3740 - Bill Text download pdf

A3740A (ACTIVE) - Details

A3740A (ACTIVE) - Summary

A3740A (ACTIVE) - Bill Text download pdf

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