Senate Bill S9042

2017-2018 Legislative Session

Caps the amount of taxes a senior has to pay on his or her real property at the amount such individual paid in the year in which he or she turned 65

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2017-S9042 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Real Property Tax Law
Laws Affected:
Add §497, Tax L
Versions Introduced in 2019-2020 Legislative Session:
S2713

2017-S9042 (ACTIVE) - Summary

Caps the amount of taxes a senior has to pay on his or her real property at the amount such individual paid in the year in which he or she turned 65; provides that the individual claiming the limitation must be the owner of the property and must reside in the property for at least seventy-five percent of the year.

2017-S9042 (ACTIVE) - Sponsor Memo

2017-S9042 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9042
 
                             I N  S E N A T E
 
                               June 14, 2018
                                ___________
 
 Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the real property tax law, in relation to the limitation
   of taxation on certain seniors
 
   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 497 to read as follows:
   § 497. LIMITATION OF TAXATION ON CERTAIN SENIORS.  1.  THE  AMOUNT  OF
 TAXES  PAID  ON  REAL PROPERTY BY QUALIFIED SENIORS IN SUBSEQUENT YEARS,
 INCLUDING SCHOOL TAXES, SHALL NOT EXCEED THE AMOUNT PAID BY  SUCH  INDI-
 VIDUAL IN THE YEAR IN WHICH HE OR SHE TURNS SIXTY-FIVE YEARS OF AGE.
   2.  FOR  PURPOSES OF THIS SECTION, A QUALIFIED SENIOR IS AN INDIVIDUAL
 WHO IS:
   A. THE OWNER OF THE SUBJECT PROPERTY; AND
   B. RESIDES AT THE PROPERTY FOR AT LEAST TWO HUNDRED SEVENTY-FOUR  DAYS
 IN ANY GIVEN YEAR; AND
   C. IS AT LEAST SIXTY-FIVE YEARS OF AGE.
   §  2.  This  act  shall take effect immediately and shall apply to all
 real property tax assessments occurring on or after such effective date.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15055-01-8

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.