Assembly Bill A10219

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10219
 
                           I N  A S S E M B L Y
 
                             February 12, 2026
                                ___________
 
 Introduced by M. of A. JENSEN -- read once and referred to the Committee
   on Real Property Taxation
 
 AN  ACT  in  relation  to directing the state board of real property tax
   services to conduct  a  study  on  the  feasibility  of  property  tax
   revisions regarding special districts for senior citizens who are on a
   fixed  income;  and  providing  for the repeal of such provisions upon
   expiration thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  For  the  purposes of this act, the following terms shall
 have the following meanings:
   (a) "Senior citizen" means a person who owns real  property  owned  by
 one or more persons, each of whom is sixty-five years of age or over, or
 real  property  owned by a married couple or by siblings, one of whom is
 sixty-five years of age or over, or real property owned by one  or  more
 persons,  some of whom qualify under this section and the others of whom
 qualify under section 459-c of the real property tax law and who are  on
 a fixed income.
   (b)  "Special  district"  shall  have the same meaning as such term is
 defined in subdivision 16 of section 102 of the real property tax law.
   § 2. The state board of real property tax services is  authorized  and
 directed to conduct a study on the feasibility of changing the way prop-
 erty  taxes  are  assessed  for  senior citizens who reside in a special
 district. Such study shall include, but not be limited to:
   (a) the amount of senior citizens who reside in special districts;
   (b) the amount of special districts in the state of New York;
   (c) the average income of senior citizens in the state of New York who
 reside in a special district;
   (d) feasible revisions to real property tax policies,  procedures  and
 practices  that  have  the potential to reduce the tax burden for senior
 citizens with properties  located  within  special  districts  that  are
 subject to real property taxation; and
   (e)  strategies  that  will  support an equitable distribution of real
 property taxation within such special districts.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD14273-01-5
 A. 10219                            2
 
   § 3. Such board shall make a report of  the  findings  of  its  study,
 including  any  recommendations  for  legislative  action as it may deem
 necessary and appropriate. Such report shall be delivered to the  gover-
 nor, the temporary president of the senate, the speaker of the assembly,
 the  minority leader of the senate, the minority leader of the assembly,
 the senate finance committee, the senate budget and  revenue  committee,
 the assembly ways and means committee and the standing committee on real
 property  taxation  no  later than two years after the effective date of
 this act.
   § 4. This act shall take effect immediately and shall  expire  and  be
 deemed  repealed three years after such effective date, or upon delivery
 of the report required by section three of  this  act,  whichever  comes
 first; provided that the state board of real property tax services shall
 notify  the  legislative  bill  drafting commission upon delivery of the
 report required by section three of this act in order that  the  commis-
 sion may maintain an accurate and timely effective database of the offi-
 cial  text of the laws of the state of New York in furtherance of effec-
 tuating the provisions of section 44 of the legislative law and  section
 70-b of the public officers law.