senate Bill S3595A

2013-2014 Legislative Session

Relates to exemptions from real property taxes for senior citizens

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Archive: Last Bill Status - In Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 10, 2014 print number 3595a
amend and recommit to aging
Jan 08, 2014 referred to aging
Feb 07, 2013 referred to aging

Bill Amendments

Original
A (Active)
Original
A (Active)

S3595 - Details

Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S4365A
2009-2010: A7934

S3595 - Summary

Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty percent of the assessed valuation of such real property.

S3595 - Sponsor Memo

S3595 - Bill Text download pdf

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

                                  3595

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 7, 2013
                               ___________

Introduced  by  Sen.  LANZA  -- 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  providing  an
  additional real property tax exemption for certain senior citizens

  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 1-a to read as follows:
  1-A.  (A)  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  RESOLUTION  MAY  BE  ADOPTED,  TO PROVIDE AN
EXEMPTION TO THE EXTENT OF SIXTY PERCENT OF THE  ASSESSED  VALUATION  OF
REAL  PROPERTY  IF THE INCOME OF THE OWNER OR THE COMBINED INCOME OF THE
OWNERS OF THE PROPERTY FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE
DATE OF MAKING APPLICATION FOR AN EXEMPTION EXCEEDS  THE  SUM  OF  THREE
THOUSAND DOLLARS, OR SUCH OTHER SUM NOT LESS THAN THREE THOUSAND DOLLARS
BUT  NOT  MORE  THAN  TWENTY-TWO  THOUSAND DOLLARS, WHILE SATISFYING ALL
OTHER ELIGIBILITY CRITERIA ESTABLISHED  PURSUANT  TO  THIS  SECTION.  NO
OWNER  OR  OWNERS  OF  PROPERTY ELIGIBLE FOR A REDUCTION IN THE ASSESSED
VALUATION PURSUANT TO THIS SUBDIVISION SHALL BE ELIGIBLE FOR  A  FURTHER
EXEMPTION PURSUANT TO THIS SECTION.
  (B)  ANY  LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARA-
GRAPH (A) OF THIS SUBDIVISION 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 THIS SUBDIVISION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS
M) TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME          PERCENTAGE OF ASSESSED VALUATION
                             EXEMPT FROM TAXATION

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03807-01-3

S3595A (ACTIVE) - Details

Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S4365A
2009-2010: A7934

S3595A (ACTIVE) - Summary

Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty percent of the assessed valuation of such real property.

S3595A (ACTIVE) - Sponsor Memo

S3595A (ACTIVE) - Bill Text download pdf

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

                                 3595--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 7, 2013
                               ___________

Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Aging  --  recommitted  to
  the  Committee  on  Aging  in accordance with Senate Rule 6, sec. 8 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN  ACT  to amend the real property tax law, in relation to providing an
  additional real property tax exemption for certain senior citizens

  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 1-a to read as follows:
  1-A. (A) 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  RESOLUTION  MAY  BE  ADOPTED,  TO  PROVIDE  AN
EXEMPTION  TO  THE  EXTENT OF SIXTY PERCENT OF THE ASSESSED VALUATION OF
REAL PROPERTY IF THE INCOME OF THE OWNER OR THE COMBINED INCOME  OF  THE
OWNERS OF THE PROPERTY FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE
DATE  OF  MAKING  APPLICATION  FOR AN EXEMPTION EXCEEDS THE SUM OF THREE
THOUSAND DOLLARS, OR SUCH OTHER SUM NOT LESS THAN THREE THOUSAND DOLLARS
BUT NOT MORE THAN TWENTY-TWO  THOUSAND  DOLLARS,  WHILE  SATISFYING  ALL
OTHER  ELIGIBILITY  CRITERIA  ESTABLISHED  PURSUANT  TO THIS SECTION. NO
OWNER OR OWNERS OF PROPERTY ELIGIBLE FOR A  REDUCTION  IN  THE  ASSESSED
VALUATION  PURSUANT  TO THIS SUBDIVISION SHALL BE ELIGIBLE FOR A FURTHER
EXEMPTION PURSUANT TO THIS SECTION.
  (B) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT  TO  PARA-
GRAPH  (A) OF THIS SUBDIVISION 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 THIS SUBDIVISION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS
M) TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03807-02-4

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