senate Bill S6760

2013-2014 Legislative Session

Caps the amount of taxes a senior has to pay on his or her real property at the amount such individual paid in the year in which he or she turned 70

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate 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
Mar 06, 2014 referred to local government

S6760 - Details

See Assembly Version of this Bill:
A1710
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Add ยง496, RPT L
Versions Introduced in Previous Legislative Sessions:
2011-2012: A400
2009-2010: A1149

S6760 - Summary

Caps the amount of taxes a senior has to pay on his or her real property at the amount such individual paid in the year in which he or she turned 70; provides that the individual claiming the limitation must be the owner of the property and must reside in the property for at least seventy-five percent of the year.

S6760 - Sponsor Memo

S6760 - Bill Text download pdf

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

                                  6760

                            I N  S E N A T E

                              March 6, 2014
                               ___________

Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the real property tax law, in relation to the limitation
  of taxation on certain seniors

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

  Section  1.  The  real  property  tax  law  is amended by adding a new
section 497 to read as follows:
  S 497. LIMITATION OF TAXATION ON CERTAIN SENIORS.  1.  THE  AMOUNT  OF
TAXES  PAID  ON  REAL PROPERTY BY QUALIFIED SENIORS IN SUBSEQUENT YEARS,
INCLUDING SCHOOL TAXES, SHALL NOT EXCEED THE AMOUNT PAID BY  SUCH  INDI-
VIDUAL IN THE YEAR IN WHICH HE OR SHE TURNS SEVENTY YEARS OF AGE.
  2.  FOR  PURPOSES OF THIS SECTION, A QUALIFIED SENIOR IS AN INDIVIDUAL
WHO IS:
  A. THE OWNER OF THE SUBJECT PROPERTY; AND
  B. RESIDES AT THE PROPERTY FOR AT LEAST TWO HUNDRED SEVENTY-FOUR  DAYS
IN ANY GIVEN YEAR; AND
  C. IS AT LEAST SEVENTY YEARS OF AGE.
  S  2.  This  act  shall take effect immediately and shall apply to all
real property tax assessments occurring on or after such effective date.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02365-01-3

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