Assembly Bill A5416A

2015-2016 Legislative Session

Increases maximum income eligibility levels for real property tax exemptions for seniors

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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

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Bill Amendments

co-Sponsors

multi-Sponsors

2015-A5416 - Details

See Senate Version of this Bill:
S1074
Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4709, S2022
2011-2012: A3740, S2212
2013-2014: A463, S3585
2017-2018: A7544, S237
2019-2020: A6874

2015-A5416 - Summary

Increases maximum income eligibility levels for real property tax exemptions for seniors.

2015-A5416 - Bill Text download pdf 

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

                                  5416

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 23, 2015
                               ___________

Introduced by M. of A. ENGLEBRIGHT, BARRETT -- read once and referred to
  the Committee on Aging

AN  ACT  to  amend  the real property tax law, in relation to increasing
  maximum income eligibility levels for real property tax exemptions for
  seniors

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

  Section 1. Subparagraph 1 of paragraph (b) of subdivision 1 of section
467  of the real property tax law, as amended by chapter 261 of the laws
of 1994, is amended to read as follows:
  (1) [Any] PRIOR TO JULY FIRST, TWO THOUSAND SEVENTEEN, ANY local  law,
ordinance or resolution adopted pursuant to paragraph (a) of this subdi-
vision  may  be  amended, or a local law, ordinance or resolution may be
adopted, to provide an exemption so as to increase  the  maximum  income
eligibility  level of such municipal corporation as provided in subdivi-
sion three of this section (represented in the hereinbelow  schedule  as
M), to the extent provided in the following schedule:

   ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                                EXEMPT FROM TAXATION

More than (M) but
   less than (M+ $1,000)                           45 per centum
(M+ $1,000 or more) but
   less than (M+ $2,000)                           40 per centum
(M+ $2,000 or more) but
   less than (M+ $3,000)                           35 per centum
(M+ $3,000 or more) but
   less than (M+ $3,900)                           30 per centum
(M+ $3,900 or more) but

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00575-01-5

co-Sponsors

multi-Sponsors

2015-A5416A (ACTIVE) - Details

See Senate Version of this Bill:
S1074
Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4709, S2022
2011-2012: A3740, S2212
2013-2014: A463, S3585
2017-2018: A7544, S237
2019-2020: A6874

2015-A5416A (ACTIVE) - Summary

Increases maximum income eligibility levels for real property tax exemptions for seniors.

2015-A5416A (ACTIVE) - Bill Text download pdf 

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

                                 5416--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 23, 2015
                               ___________

Introduced  by  M.  of  A. ENGLEBRIGHT, BARRETT, THIELE, LINARES, SIMON,
  HYNDMAN, SOLAGES -- Multi-Sponsored by --  M.  of  A.  ABBATE,  BLAKE,
  GOTTFRIED,  HIKIND,  HOOPER,  MARKEY,  MAYER,  MILLER, OTIS, PICHARDO,
  SANTABARBARA -- read once and referred to the Committee  on  Aging  --
  recommitted to the Committee on Aging in accordance with Assembly Rule
  3,  sec. 2 -- 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  increasing
  maximum income eligibility levels for real property tax exemptions for
  seniors

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

  Section 1. Subparagraph 1 of paragraph (b) of subdivision 1 of section
467 of the real property tax law, as amended by chapter 261 of the  laws
of 1994, is amended to read as follows:
  (1)  [Any]  PRIOR TO JULY FIRST, TWO THOUSAND EIGHTEEN, ANY local law,
ordinance or resolution adopted pursuant to paragraph (a) of this subdi-
vision may be amended, or a local law, ordinance or  resolution  may  be
adopted,  to  provide  an exemption so as to increase the maximum income
eligibility level of such municipal corporation as provided in  subdivi-
sion  three  of this section (represented in the hereinbelow schedule as
M), to the extent provided in the following schedule:

   ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
                                                EXEMPT FROM TAXATION

More than (M) but
   less than (M+ $1,000)                           45 per centum
(M+ $1,000 or more) but
   less than (M+ $2,000)                           40 per centum
(M+ $2,000 or more) but

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00575-04-6

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