assembly Bill A480

2021-2022 Legislative Session

Relates to tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2021 referred to aging

Co-Sponsors

A480 (ACTIVE) - Details

See Senate Version of this Bill:
S4216
Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467-b, RPT L
Versions Introduced in 2019-2020 Legislative Session:
A7843, S3914

A480 (ACTIVE) - Summary

Relates to tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities.

A480 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    480
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by M. of A. ROZIC -- read once and referred 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 TWENTY-ONE, 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.

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