assembly Bill A1954

2021-2022 Legislative Session

Relates to creating an age based school tax relief exemption

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Current 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 05, 2022 referred to real property taxation
Jan 13, 2021 referred to real property taxation

Co-Sponsors

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Multi-Sponsors

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A1954 (ACTIVE) - Details

See Senate Version of this Bill:
S4309
Law Section:
Real Property Tax Law
Laws Affected:
Add §425-b, RPT L
Versions Introduced in Other Legislative Sessions:
2017-2018: A7628
2019-2020: A2262, S5401

A1954 (ACTIVE) - Summary

Relates to creating an age based school tax relief exemption for those aged sixty-five years or more.

A1954 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1954
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 13, 2021
                                ___________
 
 Introduced  by  M.  of  A. BARNWELL, WALLACE, DE LA ROSA, CRUZ, FRONTUS,
   DAVILA, SAYEGH, BRABENEC, MONTESANO, WALCZYK, REILLY, BYRNES,  WEPRIN,
   SEAWRIGHT,  SMITH,  TAGUE  --  Multi-Sponsored  by -- M. of A. ABBATE,
   ABINANTI, J. M. GIGLIO, HYNDMAN, NORRIS, PALMESANO,  RAMOS,  D. ROSEN-
   THAL,  SANTABARBARA, THIELE, VANEL, WALSH -- read once and referred to
   the Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in relation  to  creating  an
   age based school tax relief exemption
 
   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 425-b to read as follows:
   §  425-B.  AGE  BASED  SCHOOL  TAX REFUND. 1. GENERALLY. REAL PROPERTY
 WHICH SATISFIES THE REQUIREMENTS OF THIS SECTION SHALL RECEIVE A  SCHOOL
 TAX REFUND AS PROVIDED HEREIN.
   2. OVERVIEW. WHERE ALL OF THE OWNERS OF THE PARCEL WHO RESIDE PRIMARI-
 LY THEREON AND ANY OWNER'S SPOUSE WHO RESIDES PRIMARILY THEREON COMBINED
 HAVE AN INCOME, DEFINED AS THE COMBINED INCOME OF ALL OWNERS, AND OF ANY
 OWNER'S  SPOUSES  RESIDING ON THE PREMISES, OF NOT MORE THAN ONE HUNDRED
 FIFTY THOUSAND DOLLARS, SUCH PROPERTY SHALL  BE  GRANTED  AN  AGE  BASED
 SCHOOL TAX REFUND BASED ON THE FOLLOWING FORMULA:
   (A)  SENIORS  AGED  SIXTY-FIVE  TO  SIXTY-NINE SHALL BE GRANTED A FIVE
 HUNDRED DOLLAR REFUND;
   (B) SENIORS AGED SEVENTY TO SEVENTY-FOUR SHALL BE GRANTED A ONE  THOU-
 SAND DOLLAR REFUND;
   (C)  SENIORS  AGED SEVENTY-FIVE TO SEVENTY-NINE SHALL BE GRANTED A ONE
 THOUSAND FIVE HUNDRED DOLLAR REFUND;
   (D) SENIORS AGED EIGHTY TO EIGHTY-FOUR SHALL BE GRANTED A TWO THOUSAND
 DOLLAR REFUND;
   (E) SENIORS AGED EIGHTY-FIVE TO EIGHTY-NINE SHALL  BE  GRANTED  A  TWO
 THOUSAND FIVE HUNDRED DOLLAR REFUND; AND

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.