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
A. 7544 2
less than (M+ $4,800) 25 per centum
(M+ $4,800 or more) but
less than (M+ $5,700) 20 per centum
§ 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 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+ $1,250) 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
A. 7544 3
(M+ $9,375 OR MORE)
BUT LESS THAN (M+ $10,500) 5 PER CENTUM
(D) 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 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
A. 7544 4
(E) ON AND AFTER JULY FIRST, TWO THOUSAND TWENTY-ONE AND BEFORE JULY
FIRST, TWO THOUSAND TWENTY-TWO, (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
A. 7544 5
(F) ON AND AFTER JULY FIRST, TWO THOUSAND TWENTY-TWO, (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
§ 3. This act shall take effect immediately.