Senate Bill S1074A

2015-2016 Legislative Session

Increases maximum income eligibility levels for real property tax exemptions for seniors

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

2015-S1074 - Details

See Assembly Version of this Bill:
A5416
Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: S2022, A4709
2011-2012: S2212, A3740
2013-2014: S3585, A463
2017-2018: S237, A7544
2019-2020: A6874

2015-S1074 - Summary

Increases maximum income eligibility levels for real property tax exemptions for seniors.

2015-S1074 - Sponsor Memo

2015-S1074 - Bill Text download pdf 

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

                                  1074

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             January 8, 2015
                               ___________

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
  maximum income eligibility levels for real property tax exemptions for
  seniors

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

  Section 1. Subparagraph 1 of paragraph (b) of subdivision 1 of section
467 of the real property tax law, as amended by chapter 261 of the  laws
of 1994, is amended to read as follows:
  (1)  [Any] PRIOR TO JULY FIRST, TWO THOUSAND SEVENTEEN, ANY local law,
ordinance or resolution adopted pursuant to paragraph (a) of this subdi-
vision 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  subdivi-
sion  three  of this section (represented in the hereinbelow schedule as
M), to the extent provided in the following schedule:

   ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                                EXEMPT FROM TAXATION

More than (M) but
   less than (M+ $1,000)                           45 per centum
(M+ $1,000 or more) but
   less than (M+ $2,000)                           40 per centum
(M+ $2,000 or more) but
   less than (M+ $3,000)                           35 per centum
(M+ $3,000 or more) but
   less than (M+ $3,900)                           30 per centum
(M+ $3,900 or more) but

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00575-01-5

co-Sponsors

2015-S1074A (ACTIVE) - Details

See Assembly Version of this Bill:
A5416
Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: S2022, A4709
2011-2012: S2212, A3740
2013-2014: S3585, A463
2017-2018: S237, A7544
2019-2020: A6874

2015-S1074A (ACTIVE) - Summary

Increases maximum income eligibility levels for real property tax exemptions for seniors.

2015-S1074A (ACTIVE) - Sponsor Memo

2015-S1074A (ACTIVE) - Bill Text download pdf 

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

                                 1074--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             January 8, 2015
                               ___________

Introduced  by  Sens.  GOLDEN,  AVELLA, FELDER -- 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  increasing
  maximum income eligibility levels for real property tax exemptions for
  seniors

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

  Section 1. Subparagraph 1 of paragraph (b) of subdivision 1 of section
467 of the real property tax law, as amended by chapter 261 of the  laws
of 1994, is amended to read as follows:
  (1)  [Any]  PRIOR TO JULY FIRST, TWO THOUSAND EIGHTEEN, ANY local law,
ordinance or resolution adopted pursuant to paragraph (a) of this subdi-
vision 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  subdivi-
sion  three  of this section (represented in the hereinbelow schedule as
M), to the extent provided in the following schedule:

   ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                                EXEMPT FROM TAXATION

More than (M) but
   less than (M+ $1,000)                           45 per centum
(M+ $1,000 or more) but
   less than (M+ $2,000)                           40 per centum
(M+ $2,000 or more) but
   less than (M+ $3,000)                           35 per centum
(M+ $3,000 or more) but

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00575-02-5

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