S T A T E O F N E W Y O R K
________________________________________________________________________
3438
2013-2014 Regular Sessions
I N A S S E M B L Y
January 25, 2013
___________
Introduced by M. of A. RABBITT, KOLB, HAWLEY, FINCH, RAIA, McDONOUGH,
McKEVITT -- Multi-Sponsored by -- M. of A. BARCLAY, CROUCH, WEISENBERG
-- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to offering
seniors the option of either of two preceding income tax years for
real property tax exemption eligibility
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 467 of the real property tax law is amended by
adding a new subdivision 11 to read as follows:
11. NOTWITHSTANDING THE PROVISIONS OF SUBDIVISION THREE OF THIS
SECTION OR ANY OTHER PROVISION OF LAW TO THE CONTRARY, ANY LOCAL LAW,
ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF SUBDIVISION
ONE OF THIS SECTION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOL-
UTION MAY BE ADOPTED, TO PROVIDE THAT AN EXEMPTION SHALL BE GRANTED IF
THE INCOME OF THE OWNER OR THE COMBINED INCOME OF THE OWNERS OF THE
PROPERTY FOR EITHER OF THE TWO INCOME TAX YEARS IMMEDIATELY PRECEDING
THE DATE OF APPLICATION FOR EXEMPTION DOES NOT EXCEED THE SUM OF THREE
THOUSAND DOLLARS, OR SUCH OTHER SUM NOT LESS THAN THREE THOUSAND DOLLARS
NOR MORE THAN TWENTY-FOUR THOUSAND DOLLARS AS MAY BE PROVIDED BY THE
LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO THIS SECTION.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05248-01-3