Senate Bill S237

2017-2018 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 Senate Committee Aging 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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2017-S237 (ACTIVE) - Details

See Assembly Version of this Bill:
A7544
Current Committee:
Senate 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
2015-2016: S1074, A5416
2019-2020: A6874

2017-S237 (ACTIVE) - Summary

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

2017-S237 (ACTIVE) - Sponsor Memo

2017-S237 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    237
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 4, 2017
                                ___________
 
 Introduced by Sens. GOLDEN, YOUNG -- 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 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
              

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