Assembly Bill A8850

2019-2020 Legislative Session

Relates to the taxable status date

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

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2019-A8850 (ACTIVE) - Details

See Senate Version of this Bill:
S7009
Current Committee:
Senate Rules
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in 2021-2022 Legislative Session:
A3034, S4432

2019-A8850 (ACTIVE) - Summary

Provides that where the taxable status date is on or before April fourteenth, income tax year shall mean the twelve month period for which the owner or owners filed a federal personal income tax return for the year before the income tax year immediately preceding the date of application and where the taxable status date is on or after April fifteenth income tax year shall mean the twelve month period for which owner or owners filed a federal personal income tax return for the income tax year immediately preceding the date of application.

2019-A8850 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8850
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             December 18, 2019
                                ___________
 
 Introduced by M. of A. McDONALD -- read once and referred to the Commit-
   tee on Real Property Taxation
 
 AN  ACT  to  amend the real property tax law, in relation to the taxable
   status date
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Paragraph (a) of subdivision 3 of section 467 of the real
 property tax law, as separately amended by chapters 131 and 279  of  the
 laws of 2017, is amended to read as follows:
   (a) if the income of the owner or the combined income of the owners of
 the  property  for the income tax year immediately preceding the date of
 making application for exemption  exceeds  the  sum  of  three  thousand
 dollars, or such other sum not less than three thousand dollars nor more
 than twenty-six thousand dollars beginning July first, two thousand six,
 twenty-seven  thousand dollars beginning July first, two thousand seven,
 twenty-eight thousand dollars beginning July first, two thousand  eight,
 twenty-nine  thousand  dollars  beginning July first, two thousand nine,
 and in a city with a population of one million or  more  fifty  thousand
 dollars beginning July first, two thousand seventeen, as may be provided
 by  the  local  law,  ordinance  or  resolution adopted pursuant to this
 section. [Income tax year shall mean the twelve month period  for  which
 the owner or owners filed a federal personal income tax return, or if no
 such  return is filed, the calendar year.] WHERE THE TAXABLE STATUS DATE
 IS ON OR BEFORE APRIL FOURTEENTH, INCOME TAX YEAR SHALL MEAN THE TWELVE-
 MONTH PERIOD FOR WHICH THE OWNER OR  OWNERS  FILED  A  FEDERAL  PERSONAL
 INCOME  TAX  RETURN  FOR THE YEAR BEFORE THE INCOME TAX YEAR IMMEDIATELY
 PRECEDING THE DATE OF APPLICATION AND WHERE THE TAXABLE STATUS  DATE  IS
 ON OR AFTER APRIL FIFTEENTH, INCOME TAX YEAR SHALL MEAN THE TWELVE-MONTH
 PERIOD FOR WHICH THE OWNER OR OWNERS FILED A FEDERAL PERSONAL INCOME TAX
 RETURN  FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF APPLI-
 CATION. Where title is vested in either the husband or the  wife,  their
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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