New York's Affordability Crisis

Making New York More Affordable, NYS Senate Logo

Making New York More Affordable

Another Study Lists NY Among the Most Expensive States

A recent report confirmed what far too many Western New York families already know; New York State is one of the most expensive states for childcare in the nation. According to the report, childcare costs the average family in New York State over fourteen thousand dollars annually for a single child. 

Unfortunately, childcare is only one example of New York affordability crisis.  In addition to childcare, NY is one of the most expensive states to retire in and has some of the highest property taxes, income tax rates, and energy costs.  Equally troubling is that despite paying tremendous costs, our services and infrastructure regular scores in the middle or bottom of the pack nationally.

Regrettably, the 2019 legislative session only made matters worse.  New and higher taxes, cuts to cost saving programs and new mandates that will increase food and energy prices, will not help Western New York families.  If you own a home, have a child, are retired, use electricity or eat, it will now be more expensive to live in NY.

Making New York State more affordable is one of my top priorities and now more than ever we need to embrace my Affordability Agenda.  The Affordability Agenda lowers taxes for the middle class, cuts energy taxes, and provides for real mandate and regulatory reform to ensure that these measures are sustainable.  In addition, I am sponsoring legislation to make child care more affordable (S4458) and to cap property taxes for seniors (S4579).  Seniors should not be forced out of the homes they own due to annual property tax increases.  It is critical to accomplish this by reforming our government, not simply shifting the tax burden.

I will continue to do all I can to support policies that help hard working Western New Yorkers. We will never reach out full economic potential if we continue to have some of the highest taxes and most regulations in the nation.

senate Bill S4579

2019-2020 Legislative Session

Authorizes a property tax cap for persons over seventy years of age

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

Your Voice

what's your position?

Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 15, 2019 referred to aging

S4579 (ACTIVE) - Details

Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-l, RPT L
Versions Introduced in 2017-2018 Legislative Session:
S7696

S4579 (ACTIVE) - Summary

Authorizes a property tax cap for persons over seventy years of age where the governing board of the municipality adopts a local law, ordinance or resolution providing for such cap.

S4579 (ACTIVE) - Sponsor Memo

S4579 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4579

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                             March 15, 2019
                               ___________

Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
  when printed to be committed to the Committee on Aging

AN ACT to amend the real property tax law, in relation to a real proper-
  ty tax cap for persons over seventy years of age

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The  real  property  tax  law  is amended by adding a new
section 467-l to read as follows:
  § 467-L. REAL PROPERTY TAX CAP FOR CERTAIN PERSONS OVER SEVENTY  YEARS
OF  AGE.  1. REAL PROPERTY OWNED BY ONE OR MORE PERSONS, EACH OF WHOM IS
SEVENTY YEARS OF AGE OR OVER, OR REAL  PROPERTY  OWNED  BY  HUSBAND  AND
WIFE,  ONE  OF WHOM IS SEVENTY YEARS OF AGE OR OVER, MAY BE SUBJECT TO A
REAL PROPERTY TAX CAP PROVIDED THE  GOVERNING  BOARD  OF  ANY  MUNICIPAL
CORPORATION IN WHICH THE REAL PROPERTY IS LOCATED, AFTER PUBLIC HEARING,
ADOPTS A LOCAL LAW, ORDINANCE OR RESOLUTION PROVIDING THAT REAL PROPERTY
TAXES  FOR  SUCH  PROPERTY  BE CAPPED AT THE AMOUNTS PAYABLE AT THE TIME
SUCH APPLICATION IS MADE.
  2. PROPERTY SHALL BE ELIGIBLE FOR A TAX CAP IF:
  (A) THE INCOME OF THE OWNER OR THE COMBINED INCOME OF  THE  OWNERS  OF
THE  PROPERTY  FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF
MAKING APPLICATION FOR THE CAP DOES NOT EXCEED THE SUM OF SEVENTY  THOU-
SAND  DOLLARS.  INCOME SHALL MEAN THE AGGREGATE ADJUSTED GROSS INCOME OF
ALL OWNERS FOR THE TAXABLE YEAR AS FILED, OR AS WOULD HAVE  BEEN  FILED,
ON THEIR FEDERAL PERSONAL INCOME TAX RETURN.
  (B)  THE  TITLE OF THE PROPERTY SHALL HAVE BEEN VESTED IN THE OWNER OR
ONE OF THE OWNERS OF THE PROPERTY FOR AT  LEAST  THIRTY-SIX  CONSECUTIVE
MONTHS  PRIOR  TO  THE  DATE  OF MAKING APPLICATION FOR A CAP, PROVIDED,
HOWEVER, THAT IF AS THE RESULT OF THE DEATH OF EITHER A HUSBAND OR  WIFE
IN  WHOSE NAME TITLE OF THE PROPERTY WAS VESTED AT THE TIME OF DEATH THE
PROPERTY BECOMES VESTED SOLELY IN THE SURVIVOR BY VIRTUE OF DEVISE BY OR
DESCENT FROM THE DECEASED HUSBAND OR WIFE, THE TIME OF OWNERSHIP OF  THE

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

senate Bill S697

2019-2020 Legislative Session

Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Investigations And Government Operations Committee


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

Your Voice

what's your position?

Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 09, 2019 referred to investigations and government operations

Co-Sponsors

S697 (ACTIVE) - Details

See Assembly Version of this Bill:
A6213
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §612, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S2903, A6413
2017-2018: S414, A690

S697 (ACTIVE) - Summary

Increases the tax exemption for pensions and annuities for persons age fifty-nine and one-half or greater from $20,000 to $25,000 in 2021, $30,000 in 2022, $35,000 in 2023 and $40,000 for each subsequent year.

S697 (ACTIVE) - Sponsor Memo

S697 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   697

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2019
                               ___________

Introduced  by  Sen.  FELDER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the tax law, in relation to increasing the exemption for
  pensions and annuities for certain persons

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Paragraph 3-a of subsection (c) of section 612 of the tax
law, as amended by section 3 of part I of chapter  59  of  the  laws  of
2015, is amended to read as follows:
  (3-a)  Pensions  and  annuities  received  by  an  individual  who has
attained the age of fifty-nine  and  one-half,  not  otherwise  excluded
pursuant to paragraph three of this subsection, to the extent includible
in  gross  income  for federal income tax purposes, but not in excess of
[twenty] TWENTY-FIVE THOUSAND DOLLARS FOR ANY TAXABLE YEAR BEGINNING  ON
OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-ONE, THIRTY THOUSAND DOLLARS
FOR  ANY  TAXABLE YEAR BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND
TWENTY-TWO, THIRTY-FIVE THOUSAND DOLLARS FOR ANY TAXABLE YEAR  BEGINNING
ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-THREE, AND FORTY thousand
dollars  IN  EACH SUBSEQUENT YEAR, which are periodic payments attribut-
able to personal services performed by  such  individual  prior  to  his
retirement  from  employment,  which arise (i) from an employer-employee
relationship or (ii) from contributions to a retirement plan  which  are
deductible  for federal income tax purposes. However, the term "pensions
and annuities" shall also include distributions received by an  individ-
ual who has attained the age of fifty-nine and one-half from an individ-
ual  retirement  account or an individual retirement annuity, as defined
in section four hundred eight of the internal revenue code, and distrib-
utions received by an individual who has attained the age of  fifty-nine
and one-half from self-employed individual and owner-employee retirement

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets