NY State Senate Bill S1074

Archive: Last Bill Status - Passed Senate

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

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Actions

view actions (17)

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Feb 24, 2016	referred to aging delivered to assembly passed senate
Feb 02, 2016	advanced to third reading
Feb 01, 2016	2nd report cal.
Jan 26, 2016	1st report cal.72
Jan 07, 2016	print number 1074a
Jan 07, 2016	amend and recommit to aging
Jan 06, 2016	referred to aging returned to senate died in assembly
May 28, 2015	referred to aging delivered to assembly passed senate
May 27, 2015	ordered to third reading cal.965 committee discharged and committed to rules
Jan 08, 2015	referred to aging

Votes

Bill Amendments

Original

A (Active)

Original

A (Active)

Co-Sponsors

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

S1074 - Summary

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

S1074 - Sponsor Memo

BILL NUMBER:S1074

TITLE OF BILL:

An act to amend the real property tax law, in relation to increasing
maximum income eligibility levels for real property tax exemptions for
seniors

PURPOSE:

To gradually increase the income levels for the senior citizen partial
real property tax exemption that may be enacted by local governments
over a multiple years.

SUMMARY OF PROVISIONS:

Section 1 of this bill amends subparagraph 1 of paragraph (b) of
subdivision 1 of section 467 of the Real Property Tax Law to increase
the income eligibility levels for the partial real property tax
exemption that local governments may provide to property owners who
are at least 65 years old.

The exemption, which ranges from 5% to 45% of the property's assessed
value, uses a sliding scale based on the property owner's income to
determine the exemption amount. For years beginning before July 1,
2017, the maximum exemption of 45% would be available to property

owners with an income that is less than the maximum income level for
the locality plus $1,000. The minimum exemption of 5% would be
available to property owners with an income that is less than the
maximum income level for the locality plus $8,400.

Section 2 of this bill changes the letters for paragraphs (c) and (d)
of subdivision 1 of section 467 of the Real Property Tax Law to (g)
and (h), respectively, adds paragraphs (c), (d), (e), and (f) to
subdivision 1 to address the exemption for different years. For years
beginning on and after July 1, 2017 and before July 1, 2018, the
maximum exemption of 45% would be available to property owners with an
income that is less than the maximum income level for the locality
plus $1,250. The minimum exemption of 5% would be available to
property owners with an income that is less than the maximum income
level for the locality plus $10,500.

For years beginning on and after July 1, 2018 and before July 1, 2019,
the maximum exemption of 45% would be available to property owners
with an income that is less than the maximum income level for the
locality plus $1,500. The minimum exemption of 5% would be available
to property owners with an income that is less than the maximum income
level for the locality plus $12,600.

For years beginning on and after July 1, 2019 and before July 1, 2020,
the maximum exemption of 45% would be available to property owners
with an income that is less than the maximum income level for the
locality plus $1,750. The minimum exemption of 5% would be available
to property owners with an income that is less than the maximum income
level for the locality plus $14,700.


For years beginning on and after July 1, 2020, the maximum exemption
of 45% would be available to property owners with an income that is
less than the maximum income level for the locality plus $2,000. The
minimum exemption of 5% would be available to property owners with an
income that is less than the maximum income level for the locality
plus $16,800.

Section 3 of this bill provides that this act shall take effect
immediately.

EXISTING LAW:

Real Property Tax Law section 467 currently authorizes local
governments to provide a partial real property tax exemption to
property owners who are at least 65 years of age.

JUSTIFICATION:

Local governments have the option to provide a partial real property
tax exemption to senior citizens based upon their income. This partial
exemption can range from 5% of the property's assessed value to 45%
percent of the property's assessed value. The income limitation for
the 5% partial exemption, which was enacted in 1995, has never been
increased. The income limitation for the remaining partial exemptions
have not been increased since 1994.

This bill would allow local governments to increase the income
limitations for these partial exemptions so that more senior citizens
could receive increased relief from their local real property taxes.

LEGISLATIVE HISTORY:

2014: S.3585-A - Referred to Aging
2013: S.3585-A - 3rd Reading Calendar
2012: S.2212-A - Passed the Senate
2011: S.2212-A - 3rd Reading Calendar
2010: S.2022 - Referred to Aging
2009: S.2022 - Referred to Aging
2008: S 2818-A - Passed the Senate
2007: S.2818-A - Passed the Senate

FISCAL IMPLICATIONS:

None to the State

EFFECTIVE DATE:

This act shall take effect immediately.

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

S. 1074                             2

   less than (M+ $4,800)                           25 per centum
(M+ $4,800 or more) but
   less than (M+ $5,700)                           20 per centum

  S  2.  Paragraphs  (c)  and (d) of subdivision 1 of section 467 of the
real property tax law are relettered paragraphs (g) and (h) and four new
paragraphs (c), (d), (e) and (f) are added to read as follows:
  (C) ON AND AFTER JULY FIRST, TWO THOUSAND SEVENTEEN  AND  BEFORE  JULY
FIRST, TWO THOUSAND EIGHTEEN, (1) ANY LOCAL LAW, ORDINANCE OR RESOLUTION
ADOPTED PURSUANT TO PARAGRAPH (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 SUBDIVISION 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+ $1,250)                   45 PER CENTUM
(M+ $1,250 OR MORE) BUT
LESS THAN (M+ $2,500)                   40 PER CENTUM
(M+ $2,500 OR MORE) BUT
LESS THAN (M+ $3,750)                   35 PER CENTUM
(M+ $3,750 OR MORE) BUT
LESS THAN (M+ $4,875)                   30 PER CENTUM
(M+ $4,875 OR MORE) BUT
LESS THAN (M+ $6,000)                   25 PER CENTUM
(M+ $6,000 OR MORE) BUT
LESS THAN (M+ $7,125)                   20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH ONE OF THIS PARAGRAPH 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 SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $7,125 OR MORE) BUT
LESS THAN (M+ $8,250)                   15 PER CENTUM
(M+ $8,250 OR MORE) BUT
LESS THAN (M+ $9,375)                   10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS ONE AND TWO OF THIS PARAGRAPH 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 CORPO-
RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED  IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

S. 1074                             3

(M+ $9,375 OR MORE)
BUT LESS THAN (M+ $10,500)              5 PER CENTUM

  (D)  ON  AND  AFTER  JULY FIRST, TWO THOUSAND EIGHTEEN AND BEFORE JULY
FIRST, TWO THOUSAND NINETEEN, (1) ANY LOCAL LAW, ORDINANCE OR RESOLUTION
ADOPTED PURSUANT TO PARAGRAPH (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 SUBDIVISION 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                       45 PER CENTUM
LESS THAN (M+ $1,500)
(M+ $1,500 OR MORE) BUT                 40 PER CENTUM
LESS THAN (M+ $3,000)
(M+ $3,000 OR MORE) BUT
LESS THAN (M+ $4,500)                   35 PER CENTUM
(M+ $4,500 OR MORE) BUT
LESS THAN (M+ $5,850)                   30 PER CENTUM
(M+ $5,850 OR MORE) BUT
LESS THAN (M+ $7,200)                   25 PER CENTUM
(M+ $7,200 OR MORE) BUT
LESS THAN (M+ $8,550)                   20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH 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 SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $8,550 OR MORE) BUT
LESS THAN (M+ $9,900)                   15 PER CENTUM
(M+ $9,900 OR MORE) BUT
LESS THAN (M+ $11,250)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH 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 CORPO-
RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED  IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $11,250 OR MORE)
BUT LESS THAN (M+ $12,600)                       5 PER CENTUM

S. 1074                             4

  (E)  ON  AND  AFTER  JULY FIRST, TWO THOUSAND NINETEEN AND BEFORE JULY
FIRST, TWO THOUSAND TWENTY, (1) ANY LOCAL LAW, ORDINANCE  OR  RESOLUTION
ADOPTED PURSUANT TO PARAGRAPH (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 SUBDIVISION 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+ $1,750)                           45 PER CENTUM

(M+ $1,750 OR MORE) BUT
LESS THAN (M+ $3,500)                           40 PER CENTUM

(M+ $3,500 OR MORE) BUT
LESS THAN (M+ $5,250)                           35 PER CENTUM

(M+ $5,250 OR MORE) BUT
LESS THAN (M+ $6,825)                           30 PER CENTUM

(M+ $6,825 OR MORE) BUT
LESS THAN (M+ $8,400)                           25 PER CENTUM

(M+ $8,400 OR MORE) BUT
LESS THAN (M+ $9,975)                           20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH 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 SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $9,975 OR MORE) BUT
LESS THAN (M+ $11,550)                  15 PER CENTUM
(M+ $11,550 OR MORE) BUT
LESS THAN (M+ $13,125)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH 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  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $13,125 OR MORE)
BUT LESS THAN (M+ $14,700)              5 PER CENTUM

S. 1074                             5

  (F) ON AND AFTER JULY FIRST, TWO THOUSAND TWENTY, (1) 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+ $2,000)                   45 PER CENTUM
(M+ $2,000 OR MORE) BUT
LESS THAN (M+ $4,000)                   40 PER CENTUM
(M+ $4,000 OR MORE) BUT
LESS THAN (M+ $6,000)                   35 PER CENTUM
(M+ $6,000 OR MORE) BUT
LESS THAN (M+ $7,800)                   30 PER CENTUM
(M+ $7,800 OR MORE) BUT
LESS THAN (M+ $9,600)                   25 PER CENTUM
(M+ $9,600 OR MORE) BUT
LESS THAN (M+ $11,400)                  20 PER CENTUM

  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH 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 SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $11,400 OR MORE) BUT
LESS THAN (M+ $13,200)                  15 PER CENTUM
(M+ $13,200 OR MORE) BUT
LESS THAN (M+ $15,000)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH 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  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $15,000 OR MORE) BUT
LESS THAN (M+ $16,800)                  5 PER CENTUM
  S 3. This act shall take effect immediately.

Co-Sponsors

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

S1074A (ACTIVE) - Summary

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

S1074A (ACTIVE) - Sponsor Memo

 BILL NUMBER:  S1074A

 TITLE OF BILL :  An act to amend the real property tax law, in
relation to increasing maximum income eligibility levels for real
property tax exemptions for seniors

 PURPOSE :  To gradually increase the income levels for the senior
citizen partial real property tax exemption that may be enacted by
local governments over a multiple years.

 SUMMARY OF PROVISIONS :

Section 1 of this bill amends subparagraph 1 of paragraph (b) of
subdivision 1 of section 467 of the Real Property Tax Law to increase
the income eligibility levels for the partial real property tax
exemption that local governments may provide to property owners who
are at least 65 years old.

The exemption, which ranges from 5% to 45% of the property's assessed
value, uses a sliding scale based on the property owner's income to
determine the exemption amount. For years beginning before July 1,
2018, the maximum exemption of 45% would be available to property
owners with an income that is less than the maximum income level for
the locality plus $1,000. The minimum exemption of 5% would be
available to property owners with an income that is less than the
maximum income level for the locality plus $8,400.

Section 2 of this bill changes the letters for paragraphs (c) and (d)
of subdivision 1 of section 467 of the Real Property Tax Law to (g)
and (h), respectively, adds paragraphs (c), (d), (e), and (f) to
subdivision 1 to address the exemption for different years. For years
beginning on and after July 1, 2018 and before July 1, 2019, the
maximum exemption of 45% would be available to property owners with an
income that is less than the maximum income level for the locality
plus $1,250. The minimum exemption of 5% would be available to
property owners with an income that is less than the maximum income
level for the locality plus $10,500.

For years beginning on and after July 1, 2019 and before July 1, 2020,
the maximum exemption of 45% would be available to property owners
with an income that is less than the maximum income level for the
locality plus $1,500. The minimum exemption of 5% would be available
to property owners with an income that is less than the maximum income
level for the locality plus $12,600.

For years beginning on and after July 1, 2020 and before July 1, 2021,
the maximum exemption of 45% would be available to property owners
with an income that is less than the maximum income level for the
locality plus $1,750. The minimum exemption of 5% would be available
to property owners with an income that is less than the maximum income
level for the locality plus $14,700.

For years beginning on and after July 1, 2021, the maximum exemption
of 45% would be available to property owners with an income that is
less than the maximum income level for the locality plus $2,000. The
minimum exemption of 5% would be available to property owners with an
income that is less than the maximum income level for the locality
plus $16,800.

Section 3 of this bill provides that this act shall take effect
immediately.

 EXISTING LAW :  Real Property Tax Law section 467 currently
authorizes local governments to provide a partial real property tax
exemption to property owners who are at least 65 years of age.

 JUSTIFICATION :  Local governments have the option to provide a
partial real property tax exemption to senior citizens based upon
their income. This partial exemption can range from 5% of the
property's assessed value to 45% percent of the property's assessed
value. The income limitation for the 5% partial exemption, which was
enacted in 1995, has never been increased. The income limitation for
the remaining partial exemptions have not been increased since 1994.

This bill would allow local governments to increase the income
limitations for these partial exemptions so that more senior citizens
could receive increased relief from their local real property taxes.

 LEGISLATIVE HISTORY :  2015: S.1074 - Passed the Senate 2014:
S.3585-A - Referred to Aging 2013: S.3585-A - 3rd Reading Calendar
2012: S.2212-A - Passed the Senate 2011: S.2212-A - 3rd Reading
Calendar 2010: S.2022 - Referred to Aging 2009: S.2022 - Referred to
Aging 2008: S.2818-A - Passed the Senate 2007: S.2818-A - Passed the
Senate

 FISCAL IMPLICATIONS : None to the State

 EFFECTIVE DATE :  This act shall take effect immediately.

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

S. 1074--A                          2

   less than (M+ $3,900)                           30 per centum
(M+ $3,900 or more) but
   less than (M+ $4,800)                           25 per centum
(M+ $4,800 or more) but
   less than (M+ $5,700)                           20 per centum

  S  2.  Paragraphs  (c)  and (d) of subdivision 1 of section 467 of the
real property tax law are relettered paragraphs (g) and (h) and four new
paragraphs (c), (d), (e) and (f) are added to read as follows:
  (C) ON AND AFTER JULY FIRST, TWO THOUSAND  EIGHTEEN  AND  BEFORE  JULY
FIRST, TWO THOUSAND NINETEEN, (1) ANY LOCAL LAW, ORDINANCE OR RESOLUTION
ADOPTED PURSUANT TO PARAGRAPH (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 SUBDIVISION 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+ $1,250)                   45 PER CENTUM
(M+ $1,250 OR MORE) BUT
LESS THAN (M+ $2,500)                   40 PER CENTUM
(M+ $2,500 OR MORE) BUT
LESS THAN (M+ $3,750)                   35 PER CENTUM
(M+ $3,750 OR MORE) BUT
LESS THAN (M+ $4,875)                   30 PER CENTUM
(M+ $4,875 OR MORE) BUT
LESS THAN (M+ $6,000)                   25 PER CENTUM
(M+ $6,000 OR MORE) BUT
LESS THAN (M+ $7,125)                   20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH ONE OF THIS PARAGRAPH 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 SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $7,125 OR MORE) BUT
LESS THAN (M+ $8,250)                   15 PER CENTUM
(M+ $8,250 OR MORE) BUT
LESS THAN (M+ $9,375)                   10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS ONE AND TWO OF THIS PARAGRAPH 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 CORPO-
RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED  IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION

S. 1074--A                          3

                                            EXEMPT FROM TAXATION

(M+ $9,375 OR MORE)
BUT LESS THAN (M+ $10,500)              5 PER CENTUM

  (D)  ON  AND  AFTER  JULY FIRST, TWO THOUSAND NINETEEN AND BEFORE JULY
FIRST, TWO THOUSAND TWENTY, (1) ANY LOCAL LAW, ORDINANCE  OR  RESOLUTION
ADOPTED PURSUANT TO PARAGRAPH (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 SUBDIVISION 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                       45 PER CENTUM
LESS THAN (M+ $1,500)
(M+ $1,500 OR MORE) BUT                 40 PER CENTUM
LESS THAN (M+ $3,000)
(M+ $3,000 OR MORE) BUT
LESS THAN (M+ $4,500)                   35 PER CENTUM
(M+ $4,500 OR MORE) BUT
LESS THAN (M+ $5,850)                   30 PER CENTUM
(M+ $5,850 OR MORE) BUT
LESS THAN (M+ $7,200)                   25 PER CENTUM
(M+ $7,200 OR MORE) BUT
LESS THAN (M+ $8,550)                   20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH ONE OF THIS PARAGRAPH 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 SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $8,550 OR MORE) BUT
LESS THAN (M+ $9,900)                   15 PER CENTUM
(M+ $9,900 OR MORE) BUT
LESS THAN (M+ $11,250)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS ONE AND TWO OF THIS PARAGRAPH 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  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION

(M+ $11,250 OR MORE)
BUT LESS THAN (M+ $12,600)                       5 PER CENTUM

S. 1074--A                          4

  (E) ON AND AFTER JULY FIRST,  TWO  THOUSAND  TWENTY  AND  BEFORE  JULY
FIRST,  TWO  THOUSAND TWENTY-ONE, (1) ANY LOCAL LAW, ORDINANCE OR RESOL-
UTION ADOPTED PURSUANT TO PARAGRAPH  (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 SUBDIVISION 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+ $1,750)                           45 PER CENTUM

(M+ $1,750 OR MORE) BUT
LESS THAN (M+ $3,500)                           40 PER CENTUM

(M+ $3,500 OR MORE) BUT
LESS THAN (M+ $5,250)                           35 PER CENTUM

(M+ $5,250 OR MORE) BUT
LESS THAN (M+ $6,825)                           30 PER CENTUM

(M+ $6,825 OR MORE) BUT
LESS THAN (M+ $8,400)                           25 PER CENTUM

(M+ $8,400 OR MORE) BUT
LESS THAN (M+ $9,975)                           20 PER CENTUM
  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH ONE OF THIS PARAGRAPH 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 SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $9,975 OR MORE) BUT
LESS THAN (M+ $11,550)                  15 PER CENTUM
(M+ $11,550 OR MORE) BUT
LESS THAN (M+ $13,125)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS ONE AND TWO OF THIS PARAGRAPH 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 CORPO-
RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED  IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $13,125 OR MORE)
BUT LESS THAN (M+ $14,700)              5 PER CENTUM

S. 1074--A                          5

  (F)  ON  AND  AFTER JULY FIRST, TWO THOUSAND TWENTY-ONE, (1) ANY LOCAL
LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (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 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+ $2,000)                   45 PER CENTUM
(M+ $2,000 OR MORE) BUT
LESS THAN (M+ $4,000)                   40 PER CENTUM
(M+ $4,000 OR MORE) BUT
LESS THAN (M+ $6,000)                   35 PER CENTUM
(M+ $6,000 OR MORE) BUT
LESS THAN (M+ $7,800)                   30 PER CENTUM
(M+ $7,800 OR MORE) BUT
LESS THAN (M+ $9,600)                   25 PER CENTUM
(M+ $9,600 OR MORE) BUT
LESS THAN (M+ $11,400)                  20 PER CENTUM

  (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPH  ONE  OF THIS PARAGRAPH 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 SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE  HERE-
INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $11,400 OR MORE) BUT
LESS THAN (M+ $13,200)                  15 PER CENTUM
(M+ $13,200 OR MORE) BUT
LESS THAN (M+ $15,000)                  10 PER CENTUM

  (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
AGRAPHS  ONE  AND  TWO OF THIS PARAGRAPH 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  CORPO-
RATION  AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:

ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                            EXEMPT FROM TAXATION
(M+ $15,000 OR MORE) BUT
LESS THAN (M+ $16,800)                  5 PER CENTUM
  S 3. This act shall take effect immediately.

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The New York State Senate

senate Bill S1074

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Archive: Last Bill Status - Passed Senate

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Votes

Feb 24, 2016 - floor Vote

Floor Vote: Feb 24, 2016

Jan 26, 2016 - Aging committee Vote

Committee Vote: Jan 26, 2016

May 28, 2015 - floor Vote

Floor Vote: May 28, 2015

May 27, 2015 - Rules committee Vote

Rules Committee Vote: May 27, 2015

Bill Amendments

Co-Sponsors

S1074 - Details

S1074 - Summary

S1074 - Sponsor Memo

S1074 - Bill Text download pdf

Co-Sponsors

S1074A (ACTIVE) - Details

S1074A (ACTIVE) - Summary

S1074A (ACTIVE) - Sponsor Memo

S1074A (ACTIVE) - Bill Text download pdf

Comments

senate Bill S1074

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Sponsored By

Archive: Last Bill Status - Passed Senate

Your Voice

Actions

Votes

Feb 24, 2016 - floor Vote

Floor Vote: Feb 24, 2016

Jan 26, 2016 - Aging committee Vote

Committee Vote: Jan 26, 2016

May 28, 2015 - floor Vote

Floor Vote: May 28, 2015

May 27, 2015 - Rules committee Vote

Rules Committee Vote: May 27, 2015

Bill Amendments

Co-Sponsors

S1074 - Details

S1074 - Summary

S1074 - Sponsor Memo

S1074 - Bill Text download pdf

Co-Sponsors

S1074A (ACTIVE) - Details

S1074A (ACTIVE) - Summary

S1074A (ACTIVE) - Sponsor Memo

S1074A (ACTIVE) - Bill Text download pdf

Comments