|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Feb 23, 2021||referred to aging|
delivered to assembly
|Feb 22, 2021||advanced to third reading|
|Feb 10, 2021||2nd report cal.|
|Feb 09, 2021||1st report cal.331|
|Jan 27, 2021||referred to aging|
senate Bill S3085
Current Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3085 (ACTIVE) - Details
S3085 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3085 SPONSOR: STEWART-COUSINS TITLE OF BILL: An act to amend the real property tax law, in relation to increasing the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons sixty-five years of age or over and for persons with disabilities and limited income PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to provide certain income-eligible senior citizens and persons with disabilities and limited income with relief from the burden of increasing real property taxes. SUMMARY OF PROVISIONS: Section 1 amends real property tax law section 467 (3)(a)to raise the maximum income eligibility for seniors to obtain a real property tax exemption from $29,000 to $50,000 beginning July 1, 2021.
S3085 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3085 2021-2022 Regular Sessions I N S E N A T E January 27, 2021 ___________ Introduced by Sen. STEWART-COUSINS -- 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 increasing the amount of income property owners may earn for the purpose of eligibil- ity for the property tax exemption for persons sixty-five years of age or over and for persons with disabilities and limited income 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, FIFTY THOUSAND DOLLARS BEGINNING JULY FIRST, TWO THOUSAND TWENTY-ONE, 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 title is vested in either the husband or the wife, their combined income may not exceed such sum, except where the husband or wife, or ex-husband or ex-wife is absent from the property as provided in subparagraph (ii) of paragraph (d) of this subdivision, then only the income of the spouse or ex-spouse resid- ing on the property shall be considered and may not exceed such sum. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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