|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|May 20, 2021||committee discharged and committed to aging|
|May 13, 2021||referred to judiciary|
senate Bill S6736
Current Bill Status - In Senate Committee Aging Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S6736 (ACTIVE) - Details
S6736 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6736 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the real property tax law, in relation to exempting a recovery of an award from the September eleventh victim compensation fund from income PURPOSE OR GENERAL IDEA OF BILL: The proposed legislation would create an exemption of any recovery of award from the VCF, as a crime victim reparation, from being considered as income in determining eligibility for the Senior Citizen Rent Increase Exemption and the Disability Rent Increase Exemption. SUMMARY OF PROVISIONS: Amends relevant section of the Real Property Tax Law relating to defi- nition of income.
S6736 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6736 2021-2022 Regular Sessions I N S E N A T E May 13, 2021 ___________ Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to amend the real property tax law, in relation to exempting a recovery of an award from the September eleventh victim compensation fund from income THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph f of subdivision 1 of section 467-c of the real property tax law, as amended by chapter 500 of the laws of 2001, is amended to read as follows: f. "Income" means income received by the eligible head of the house- hold combined with the income of all other members of the household from all sources after deduction of all income and social security taxes and includes without limitation, social security and retirement benefits, supplemental security income and additional state payments, public assistance benefits, interest, dividends, net rental income, salary and earnings, and net income from self employment, but shall not include gifts or inheritances, RECOVERY OF AN AWARD FROM THE SEPTEMBER ELEVENTH VICTIM COMPENSATION FUND OF TWO THOUSAND ONE ESTABLISHED PURSUANT TO TITLE IV OF THE FEDERAL AIR TRANSPORTATION SAFETY AND SYSTEM STABILIZA- TION ACT, P.L. 107-42, AS AMENDED, payments made to individuals because of their status as victims of Nazi persecution as defined in P.L. 103-286, nor increases in benefits accorded pursuant to the social secu- rity act or a public or private pension paid to any member of the house- hold which increase, in any given year, does not exceed the consumer price index (all items United States city average) for such year which take effect after the eligibility date of an eligible head of the house- hold receiving benefits hereunder whether received by the eligible head of the household or any other member of the household. When the eligible head of the household has retired on or after the commencement of the taxable period and prior to the date of making an application for a rent EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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