S T A T E O F N E W Y O R K
________________________________________________________________________
3617
2013-2014 Regular Sessions
I N A S S E M B L Y
January 28, 2013
___________
Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
tee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to qualifications
of certain real property owners, sixty-five years of age or over, for
partial exemption from real property taxation
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. ANY LOCAL LAW OR ORDINANCE ADOPTED PURSUANT TO PARAGRAPH (A) OF
SUBDIVISION ONE AND PARAGRAPH (A) OF SUBDIVISION THREE OF THIS SECTION
MAY BE AMENDED, OR A LOCAL LAW OR ORDINANCE MAY BE ADOPTED TO ALLOW A
LOCAL LAW TO OFFER AN EXEMPTION TO AN INDIVIDUAL OR OWNERS OF PROPERTY
BASED ON INCOME EARNED DURING THE INCOME TAX YEAR IMMEDIATELY PRECEDING
THE DATE OF MAKING THE APPLICATION, THAT MAY EXCLUDE INCOME EARNED FROM
A DISABILITY PENSION OR BENEFITS THAT MAY EXCEED THE SUM OF THREE THOU-
SAND DOLLARS UP TO FIFTEEN THOUSAND DOLLARS AS MAY BE PROVIDED BY THE
LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO THIS SUBDIVISION.
S 2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law and shall apply to
assessment rolls prepared on the basis of taxable status dates occurring
on or after such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07553-01-3