senate Bill S6736

2021-2022 Legislative Session

Exempts a recovery of an award from the September eleventh victim compensation fund from income

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Aging 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
May 20, 2021 committee discharged and committed to aging
May 13, 2021 referred to judiciary

S6736 (ACTIVE) - Details

See Assembly Version of this Bill:
A7410
Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467-c, RPT L

S6736 (ACTIVE) - Summary

Exempts a recovery of an award from the September eleventh victim compensation fund from income.

S6736 (ACTIVE) - Sponsor Memo

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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