senate Bill S8406

2017-2018 Legislative Session

Establishes the senior real property school tax elimination

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Sponsored By

Current 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 (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 07, 2018 referred to real property taxation
delivered to assembly
passed senate
ordered to third reading cal.1046
committee discharged and committed to rules
May 04, 2018 referred to local government

Co-Sponsors

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S8406 - Details

Law Section:
Real Property Tax Law
Laws Affected:
Add §431, RPT L

S8406 - Summary

Establishes the senior real property school tax elimination.

S8406 - Sponsor Memo

S8406 - Bill Text download pdf


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

                                  8406

                            I N  S E N A T E

                               May 4, 2018
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the real property tax law, in relation  to  establishing
  the senior real property school tax elimination

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The real property tax  law  is  amended  by  adding  a  new
section 431 to read as follows:
  §  431.  SENIOR  REAL  PROPERTY  SCHOOL  TAX ELIMINATION.   1. FOR THE
PURPOSES OF THIS SECTION "QUALIFYING REAL PROPERTY" SHALL BE RESIDENTIAL
REAL PROPERTY OWNED AND OCCUPIED BY ONE OR MORE PERSONS, EACH OF WHOM IS
SEVENTY YEARS OF AGE OR OVER ON OR BEFORE THE  TAXABLE  STATUS  DATE  OF
SUCH  TAXABLE  YEAR  AND MEETS EACH OF THE REQUIREMENTS FOR THE ENHANCED
EXEMPTION FOR SENIOR CITIZENS SET FORTH IN SECTION FOUR HUNDRED  TWENTY-
FIVE OF THIS ARTICLE, OR RESIDENTIAL REAL PROPERTY OWNED AND OCCUPIED BY
HUSBAND  AND WIFE, ONE OF WHOM IS SEVENTY YEARS OF AGE OR OVER AND MEETS
EACH OF THE REQUIREMENTS FOR THE ENHANCED EXEMPTION FOR SENIOR  CITIZENS
SET  FORTH IN SECTION FOUR HUNDRED TWENTY-FIVE OF THIS ARTICLE, SHALL BE
ELIGIBLE FOR THE REAL PROPERTY SCHOOL TAX ELIMINATION SET FORTH IN  THIS
SECTION,  PROVIDED  THE  SCHOOL DISTRICT, AFTER PUBLIC HEARING, ADOPTS A
RESOLUTION PROVIDING THEREFOR.
  2. ANY PERSON ELIGIBLE FOR THE REAL PROPERTY  SCHOOL  TAX  ELIMINATION
SHALL  APPLY  ANNUALLY  FOR SUCH REDUCED RATE. SUCH APPLICATION SHALL BE
MADE IN A MANNER AND FORM  DETERMINED  BY  THE  STATE  BOARD  AND  SHALL
REQUIRE  PROOF  OF  THE APPLICANT'S AGE. SUCH APPLICATION SHALL BE FILED
WITH THE DEPARTMENT OF TAXATION AND FINANCE ON  OR  BEFORE  THE  TAXABLE
STATUS DATE FOR  SUCH DISTRICT.
  3.  THE  SCHOOL  PROPERTY  TAX  ON A QUALIFYING REAL PROPERTY SHALL BE
REDUCED BY A PERCENTAGE WHEN AT LEAST ONE OF THE OWNERS OF SUCH QUALIFY-
ING REAL PROPERTY IS SEVENTY YEARS OF AGE OR OVER BY THE FOLLOWING SCHE-
DULE:


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15621-02-8

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