Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 29, 2014 |
print number 5409a |
Jan 29, 2014 |
amend and recommit to aging |
Jan 08, 2014 |
referred to aging |
Jun 21, 2013 |
committed to rules |
Jun 10, 2013 |
advanced to third reading |
Jun 05, 2013 |
2nd report cal. |
Jun 04, 2013 |
1st report cal.1043 |
May 16, 2013 |
referred to aging |
Senate Bill S5409A
2013-2014 Legislative Session
Sponsored By
(D) Senate District
Archive: Last 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
Votes
Bill Amendments
2013-S5409 - Details
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §467-h, RPT L
2013-S5409 - Sponsor Memo
BILL NUMBER:S5409 TITLE OF BILL: An act to amend the real property tax law, in relation to allowing municipalities to pass a local law granting a tax deferment for persons sixty-five years of age or older PURPOSE: To allow municipalities the ability to grant real property tax deferment for seniors. SUMMARY OF PROVISIONS: Section 1 adds a new section 467-g to the real property tax law to allow a county, city, town, or village to adopt a local law granting tax deferment to persons 65 years or older, after holding a public hearing. Provisions of the tax deferment are as follows: * establishes the criteria for the tax deferment eligibility. It is available for property owners who are each 65 years of age or older, or siblings and spouses, in which one party is at least 65 years of age. Should the of-age spouse pass away, the deferment will not be rescinded if the surviving spouse is as least 62 years of age. * Applicants for tax deferment must reapply annually, and not exceed a gross income of $70,000 per year * The deferment must equal 75% of the applicant's tax obligation
2013-S5409 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5409 2013-2014 Regular Sessions I N S E N A T E May 16, 2013 ___________ Introduced by Sen. GIPSON -- 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 allowing muni- cipalities to pass a local law granting a tax deferment for persons sixty-five years of age or older 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-g to read as follows: S 467-G. DEFERRAL OF REAL PROPERTY TAX FOR PERSONS SIXTY-FIVE YEARS OF AGE OR OLDER. 1. (A) AFTER A PUBLIC HEARING, THE GOVERNING BODY OF A COUNTY, CITY, TOWN OR VILLAGE MAY ADOPT A LOCAL LAW, GRANTING A TAX DEFERMENT FOR REAL PROPERTY OWNED AND OCCUPIED BY ONE OR MORE PERSONS, EACH OF WHOM IS SIXTY-FIVE YEARS OF AGE OR OLDER, OR REAL PROPERTY OWNED AND OCCUPIED BY SPOUSES OR BY SIBLINGS, ONE OF WHOM IS SIXTY-FIVE YEARS OF AGE OR OLDER. FOR PURPOSES OF THIS SECTION, "SIBLING" SHALL MEAN A BROTHER OR A SISTER, WHETHER RELATED THROUGH HALF BLOOD, WHOLE BLOOD OR ADOPTION. (B) APPLICATION FOR SUCH DEFERMENT SHALL BE MADE ANNUALLY BY THE OWNER OR OWNERS OF SUCH REAL PROPERTY. NO APPLICATION FOR SUCH DEFERMENT SHALL BE GRANTED TO ANY OWNER WITH A TOTAL INCOME EXCEEDING SEVENTY THOUSAND DOLLARS. FOR PURPOSES OF THIS SECTION, "INCOME" SHALL MEAN THE GROSS INCOME OF THE OWNER OR OWNERS OF SUCH PROPERTY FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF APPLICATION FOR SUCH DEFERMENT AND SHALL INCLUDE SOCIAL SECURITY AND RETIREMENT BENEFITS, INTEREST, DIVI- DENDS, TOTAL GAIN FROM THE SALE OR EXCHANGE OF A CAPITAL ASSET WHICH MAY BE OFFSET BY A LOSS FROM THE SALE OR EXCHANGE OF A CAPITAL ASSET IN THE SAME INCOME TAX YEAR, NET RENTAL INCOME, EARNED INCOME FROM SALARY OR EARNINGS AND NET INCOME FROM SELF-EMPLOYMENT, BUT SHALL NOT INCLUDE A RETURN OF CAPITAL, GIFTS OR INHERITANCES. THE AGE OF EACH OWNER OF SUCH PROPERTY SHALL BE THE AGE OF SUCH PERSON AT THE COMMENCEMENT OF THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11000-02-3
2013-S5409A (ACTIVE) - Details
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §467-h, RPT L
2013-S5409A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5409A TITLE OF BILL: An act to amend the real property tax law, in relation to allowing municipalities to pass a local law granting a tax deferment for persons sixty-five years of age or older PURPOSE: To allow municipalities the ability to grant real property tax deferment for seniors. SUMMARY OF PROVISIONS: Section 1 adds a new section 467-h to the real property tax law to allow a county, city, town, or village to adopt a local law granting tax deferment to persons 65 years or older, after holding a public hearing. Provisions of the tax deferment are as follows: * establishes the criteria for the tax deferment eligibility. It is available for property owners who are each 65 years of age or older, or siblings and spouses, in which one party is at least 65 years of age. Should the of age spouse pass away, the deferment will not be rescinded if the surviving spouse is as least 62 years of age. * Applicants for tax deferment must reapply annually, and not exceed a gross income of $70,000 per year * The deferment must equal 75% of the applicant's tax obligation
2013-S5409A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5409--A 2013-2014 Regular Sessions I N S E N A T E May 16, 2013 ___________ Introduced by Sen. GIPSON -- read twice and ordered printed, and when printed to be committed to the Committee on Aging -- recommitted to the Committee on Aging in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to allowing muni- cipalities to pass a local law granting a tax deferment for persons sixty-five years of age or older 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-h to read as follows: S 467-H. DEFERRAL OF REAL PROPERTY TAX FOR PERSONS SIXTY-FIVE YEARS OF AGE OR OLDER. 1. (A) AFTER A PUBLIC HEARING, THE GOVERNING BODY OF A COUNTY, CITY, TOWN OR VILLAGE MAY ADOPT A LOCAL LAW, GRANTING A TAX DEFERMENT FOR REAL PROPERTY OWNED AND OCCUPIED BY ONE OR MORE PERSONS, EACH OF WHOM IS SIXTY-FIVE YEARS OF AGE OR OLDER, OR REAL PROPERTY OWNED AND OCCUPIED BY SPOUSES OR BY SIBLINGS, ONE OF WHOM IS SIXTY-FIVE YEARS OF AGE OR OLDER. FOR PURPOSES OF THIS SECTION, "SIBLING" SHALL MEAN A BROTHER OR A SISTER, WHETHER RELATED THROUGH HALF BLOOD, WHOLE BLOOD OR ADOPTION. (B) APPLICATION FOR SUCH DEFERMENT SHALL BE MADE ANNUALLY BY THE OWNER OR OWNERS OF SUCH REAL PROPERTY. NO APPLICATION FOR SUCH DEFERMENT SHALL BE GRANTED TO ANY OWNER WITH A TOTAL INCOME EXCEEDING SEVENTY THOUSAND DOLLARS. FOR PURPOSES OF THIS SECTION, "INCOME" SHALL MEAN THE GROSS INCOME OF THE OWNER OR OWNERS OF SUCH PROPERTY FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF APPLICATION FOR SUCH DEFERMENT AND SHALL INCLUDE SOCIAL SECURITY AND RETIREMENT BENEFITS, INTEREST, DIVI- DENDS, TOTAL GAIN FROM THE SALE OR EXCHANGE OF A CAPITAL ASSET WHICH MAY BE OFFSET BY A LOSS FROM THE SALE OR EXCHANGE OF A CAPITAL ASSET IN THE SAME INCOME TAX YEAR, NET RENTAL INCOME, EARNED INCOME FROM SALARY OR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11000-03-4
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