|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2020||referred to aging|
|Feb 21, 2019||referred to aging|
senate Bill S3914
Archive: Last Bill Status - In Senate Committee Aging Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3914 (ACTIVE) - Details
S3914 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3914 SPONSOR: STAVISKY TITLE OF BILL: An act to amend the real property tax law, in relation to tax abatement for rent-controlled and rent regulated property occupied by senior citi- zens or persons with disabilities PURPOSE OR GENERAL IDEA OF BILL: To allow localities to raise the income eligibility limits for the Senior Citizen Rent Increase Exemption (SCRIE) or Disabled Rent Increase Exemption (DRIE) program to $55,000 beginning on July 1, 2016. SUMMARY OF SPECIFIC PROVISIONS: Section 1. Paragraphs a and b of subdivision 3 of section 467-b of the real property tax law, paragraph a, as amended by section 1 of part U of chapter 55 of the laws of 2014, and paragraph b, as amended by chapter 129 of the laws of 23014, are amended to allow an income of fifty-five
S3914 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3914 2019-2020 Regular Sessions I N S E N A T E February 21, 2019 ___________ Introduced by Sen. STAVISKY -- 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 tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs a and b of subdivision 3 of section 467-b of the real property tax law, paragraph a as amended by section 1 of part U of chapter 55 of the laws of 2014 and paragraph b as amended by chapter 129 of the laws of 2014, are amended to read as follows: a. for a dwelling unit where the head of the household is a person sixty-two years of age or older, no tax abatement shall be granted if the combined income of all members of the household for the income tax year immediately preceding the date of making application exceeds four thousand dollars, or such other sum not more than twenty-five thousand dollars beginning July first, two thousand five, 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 fifty thousand dollars beginning July first, two thousand fourteen, AND FIFTY-FIVE THOUSAND DOLLARS BEGINNING JULY FIRST, TWO THOUSAND NINETEEN, as may be provided by the local law, ordinance or resolution adopted pursuant to this section, provided that when the head of the household retires before the commencement of such income tax year and the date of filing the application, the income for such year may be adjusted by excluding salary or earnings and projecting his or her retirement income over the entire period of such year. b. for a dwelling unit where the head of the household qualifies as a person with a disability pursuant to subdivision five of this section, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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