assembly Bill A7544

2017-2018 Legislative Session

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

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to aging
May 01, 2017 referred to aging

A7544 (ACTIVE) - Details

See Senate Version of this Bill:
S237
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, S2022
2011-2012: A3740, S2212
2013-2014: A463, S3585
2015-2016: A5416, S1074
2019-2020: A6874

A7544 (ACTIVE) - Summary

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

A7544 (ACTIVE) - Bill Text download pdf


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

                                  7544

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                               May 1, 2017
                               ___________

Introduced  by M. of A. LUPARDO -- read once and referred to the Commit-
  tee 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 NINETEEN, 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.
                                                           LBD03631-01-7