assembly Bill A6874

2019-2020 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 08, 2020 referred to aging
Mar 25, 2019 referred to aging

A6874 (ACTIVE) - Details

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
2011-2012: A3740
2013-2014: A463
2015-2016: A5416
2017-2018: A7544

A6874 (ACTIVE) - Summary

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

A6874 (ACTIVE) - Bill Text download pdf


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

                                  6874

                       2019-2020 Regular Sessions

                          I N  A S S E M B L Y

                             March 25, 2019
                               ___________

Introduced  by M. of A. BRONSON -- 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 TWENTY-ONE, 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.
                                                           LBD10816-01-9