S T A T E O F N E W Y O R K
________________________________________________________________________
8949
2025-2026 Regular Sessions
I N A S S E M B L Y
July 16, 2025
___________
Introduced by M. of A. LEVENBERG -- read once and referred to the
Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to expanding the
applicability of the assessment exemption for living quarters for
parent or grandparent
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 3 of section 469 of the real property tax law,
as added by chapter 377 of the laws of 2000, is amended to read as
follows:
3. Such exemption shall be applicable [only to construction or recon-
struction which occurred subsequent to the effective date of this
section and shall only apply] during taxable years during which at least
one such parent or grandparent maintains a primary place of residence in
such living quarters.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05276-01-5