Assembly Bill A5416

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

co-Sponsors

multi-Sponsors

2015-A5416 - Details

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

2015-A5416 - Summary

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

2015-A5416 - Bill Text download pdf

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

                                  5416

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 23, 2015
                               ___________

Introduced by M. of A. ENGLEBRIGHT, BARRETT -- read once and referred 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

multi-Sponsors

2015-A5416A (ACTIVE) - Details

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

2015-A5416A (ACTIVE) - Summary

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

2015-A5416A (ACTIVE) - Bill Text download pdf

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

                                 5416--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 23, 2015
                               ___________

Introduced  by  M.  of  A. ENGLEBRIGHT, BARRETT, THIELE, LINARES, SIMON,
  HYNDMAN, SOLAGES -- Multi-Sponsored by --  M.  of  A.  ABBATE,  BLAKE,
  GOTTFRIED,  HIKIND,  HOOPER,  MARKEY,  MAYER,  MILLER, OTIS, PICHARDO,
  SANTABARBARA -- read once and referred to the Committee  on  Aging  --
  recommitted to the Committee on Aging in accordance with Assembly Rule
  3,  sec. 2 -- 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00575-04-6
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.