senate Bill S6807

2013-2014 Legislative Session

Increases the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement to thirty-five thousand dollars

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 12, 2014 referred to aging

S6807 - Details

Law Section:
Real Property Tax Law
Laws Affected:
Amd ยงยง467-b & 467-c, RPT L

S6807 - Summary

Increases the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement to thirty-five thousand dollars.

S6807 - Sponsor Memo

S6807 - Bill Text download pdf

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

                                  6807

                            I N  S E N A T E

                             March 12, 2014
                               ___________

Introduced  by  Sen.  GOLDEN -- 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 increasing the
  allowable maximum income of persons occupying rental  units  otherwise
  eligible for tax abatement in certain cases

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

  Section 1. Paragraph a of subdivision 3 of section 467-b of  the  real
property  tax  law, as separately amended by chapters 188 and 205 of the
laws of 2005, is amended to read as follows:
  a. for a dwelling unit where the head of the  household  is  a  person
sixty-two  years  of  age or older, no tax abatement shall be granted if
the combined income of all members of the household for the  income  tax
year  immediately  preceding the date of making application exceeds four
thousand dollars, or such other sum not more than  twenty-five  thousand
dollars  beginning  July  first,  two thousand five, twenty-six thousand
dollars beginning July first, two thousand  six,  twenty-seven  thousand
dollars  beginning July first, two thousand seven, twenty-eight thousand
dollars beginning July first,  two  thousand  eight,  [and]  twenty-nine
thousand   dollars   beginning   July  first,  two  thousand  nine,  AND
THIRTY-FIVE THOUSAND DOLLARS BEGINNING JULY FIRST,  TWO  THOUSAND  FOUR-
TEEN,  as  may  be  provided  by  the local law, ordinance or resolution
adopted pursuant to this section, provided that when  the  head  of  the
household  retires  before  the commencement of such income tax year and
the date of filing the application, the income  for  such  year  may  be
adjusted  by  excluding  salary  or  earnings  and projecting his or her
retirement income over the entire period of such year.
  S 2. Paragraph d of subdivision 1 of section 467-c of the real proper-
ty tax law, as separately amended by chapters 188 and 205 of the laws of
2005, is amended to read as follows:
  d. "Eligible head of the household" means (1) a person or his  or  her
spouse  who  is  sixty-two  years of age or older and is entitled to the
possession or to the use and occupancy of  a  dwelling  unit,  provided,
however,  with  respect  to  a  dwelling which was subject to a mortgage

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

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