Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 25, 2024 |
referred to aging |
Senate Bill S8893
2023-2024 Legislative Session
Sponsored By
(D) 14th Senate District
Current Bill Status - In Senate Committee Aging Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2023-S8893 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6362
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467, RPT L
2023-S8893 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8893 SPONSOR: COMRIE TITLE OF BILL: An act to amend the real property tax law, in relation to providing an additional real property tax exemption for certain senior citizens PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to provide relief from the burden of increasing real properly taxes (RPT) for certain income eligible elderly individuals. SUMMARY OF SPECIFIC PROVISIONS: This bill would offer municipalities in New York the option to provide older New Yorkers who are homeowners with low incomes a greater level of RPT relief than can presently be offered through the existing structure of the Senior Citizen RPT Exemption Program. Municipalities would be granted the option to offer senior citizens with incomes below the maxi- mum income eligibility level additional exemption benefits up to a
2023-S8893 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8893 I N S E N A T E March 25, 2024 ___________ Introduced by Sen. COMRIE -- 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 providing an additional real property tax exemption for certain senior citizens THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 1 of section 467 of the real property tax law is amended by adding a new subparagraph 4 to read as follows: (4) NOTWITHSTANDING THE MAXIMUM EXEMPTION PERCENTAGE PERMITTED PURSU- ANT TO PARAGRAPH (A) OF THIS SUBDIVISION, ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO THIS SECTION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO CREATE ADDITIONAL ANNUAL INCOME CATEGORIES AND CORRESPONDING EXEMPTION PERCENTAGES FOR HOUSEHOLDS MAKING LESS THAN THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN THIS SUBDIVISION (REPRESENTED IN THE HEREIN- BELOW SCHEDULE AS M) PURSUANT TO THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE OF ASSESSED VALUATION EXEMPT FROM TAXATION LESS THAN (M) BUT MORE THAN (M- $1,000) 50% LESS THAN (M- $1,000) BUT MORE THAN (M- $2,000) 55% LESS THAN (M- $2,000) BUT 60% MORE THAN (M- $3,000); AND LESS THAN (M- $3,000) 65% § 2. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2024. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10369-03-4
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.