Senate Bill S270

2019-2020 Legislative Session

Relates to the term "income" for purposes of the school tax relief exemption

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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2019-S270 (ACTIVE) - Details

See Assembly Version of this Bill:
A4087
Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §425, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: S7472
2015-2016: S4595
2017-2018: S2568, A9575
2021-2022: S2570, A9396
2023-2024: S3053, A1257

2019-S270 (ACTIVE) - Summary

Relates to the term "income" for purposes of the school tax relief exemption.

2019-S270 (ACTIVE) - Sponsor Memo

2019-S270 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    270
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 9, 2019
                                ___________
 
 Introduced by Sens. HELMING, CARLUCCI -- 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 the term
   "income" for purposes of the school tax relief exemption

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subparagraph  (ii)  of  paragraph (b) of subdivision 4 of
 section 425 of the real property tax law, as amended  by  section  1  of
 part B of chapter 59 of the laws of 2018, is amended to read as follows:
   (ii)  The  term "income" as used herein shall mean the "adjusted gross
 income" for federal income tax purposes as reported on  the  applicant's
 federal  or  state income tax return for the applicable income tax year,
 subject to any subsequent amendments or revisions, reduced  by  distrib-
 utions,  to  the  extent  included  in  federal  adjusted  gross income,
 received from an individual  retirement  account  [and],  an  individual
 retirement  annuity,  A  DISTRIBUTION  FROM AN ACCOUNT ESTABLISHED UNDER
 SECTION 401(K) OR 403(B) OF THE UNITED STATES INTERNAL REVENUE  CODE  OF
 1986 AS AMENDED, OR A SIMPLIFIED EMPLOYEE PENSION PLAN (SEP) ESTABLISHED
 PURSUANT  TO THE UNITED STATES INTERNAL REVENUE CODE OF 1986 AS AMENDED;
 provided that if no such return was filed for the applicable income  tax
 year, "income" shall mean the adjusted gross income that would have been
 so  reported  if  such  a return had been filed.  Provided further, that
 effective with exemption applications for final assessment rolls  to  be
 completed in two thousand nineteen, where an income-eligibility determi-
 nation is wholly or partly based upon the income of one or more individ-
 uals  who did not file a return for the applicable income tax year, then
 in order for the application to be considered complete, each such  indi-
 vidual  must  file a statement with the department showing the source or
 sources of his or her income for that income tax year, and the amount or
 amounts thereof, that would have been reported on such a return  if  one
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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