Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 15, 2016 |
print number 3369a |
Jan 15, 2016 |
amend and recommit to local government |
Jan 06, 2016 |
referred to local government |
Feb 05, 2015 |
referred to local government |
Senate Bill S3369A
2015-2016 Legislative Session
Sponsored By
(D, WF) 47th Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
Bill Amendments
2015-S3369 - Details
- See Assembly Version of this Bill:
- A9798
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §459-c, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2017-2018:
S571, A2735
2019-2020: S1489
2015-S3369 - Sponsor Memo
BILL NUMBER:S3369 TITLE OF BILL: An act to amend the real property tax law, in relation to allowable increases in property income for persons with disabilities and limited incomes for purposes of qualification for certain tax exemptions PURPOSE OR GENERAL IDEA OF BILL: The bill increases the maximum income eligibility limit for the Disabled Homeowners' Exemption (DHE) Program from $29,000 to $50,000 starting July 1, 2015. Future increases to the income eligibility limit will automatically take effect every two years starting July 1, 2017, by the average annual percentage change in the U.S. Department of Labor's Consumer Price Index for all urban consumers (CPI-U). SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends paragraph a of subdivision 5 of section 459-c of the real property tax law to increase the maximum income eligibility limit for the Disabled Homeowners' Exemption and establish automatic biennial increases to the maximum income eligibility limit. Section 2 states that the bill will take effect immediately. JUSTIFICATION:
2015-S3369 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3369 2015-2016 Regular Sessions I N S E N A T E February 5, 2015 ___________ Introduced by Sen. HOYLMAN -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to allowable increases in property income for persons with disabilities and limited incomes for purposes of qualification for certain tax exemptions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 5 of section 459-c of the real property tax law, as separately amended by chapters 187 and 252 of the laws of 2006, is amended to read as follows: (a) if 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 exemption exceeds the sum of three thousand dollars, or such other sum not less than three thousand dollars [nor more than twenty-six thousand dollars beginning July first, two thousand six, twenty-seven thousand dollars beginning July first, two thousand seven, twenty-eight thousand dollars beginning July first, two thousand eight, and twenty-nine],FIFTY thousand dollars beginning July first, two thousand [nine] FIFTEEN, as may be provided by the local law or resol- ution adopted pursuant to this section; PROVIDED, HOWEVER, BEGINNING JULY FIRST, TWO THOUSAND SEVENTEEN AND EVERY TWO YEARS THEREAFTER, THE MAXIMUM ALLOWABLE INCOME SHALL INCREASE BY THE PRODUCT OF THE AVERAGE ANNUAL PERCENTAGE CHANGES IN THE CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS (CPI-U) AS PUBLISHED BY THE UNITED STATES DEPARTMENT OF LABOR BUREAU OF LABOR STATISTICS FOR THE TWO YEAR PERIOD ROUNDED TO THE NEAR- EST ONE THOUSAND DOLLARS. Income tax year shall mean the twelve month period for which the owner or owners filed a federal personal income tax return, or if no such return is filed, the calendar year. Where title is vested in either the husband or the wife, their combined income may not exceed such sum, except where the husband or wife, or ex-husband or ex-wife is absent from the property due to divorce, legal separation or EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08818-01-5
2015-S3369A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9798
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §459-c, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2017-2018:
S571, A2735
2019-2020: S1489
2015-S3369A (ACTIVE) - Sponsor Memo
BILL NUMBER: S3369A TITLE OF BILL : An act to amend the real property tax law, in relation to allowable increases in property income for persons with disabilities and limited incomes for purposes of qualification for certain tax exemptions PURPOSE OR GENERAL IDEA OF BILL : The bill increases the maximum income eligibility limit for the Disabled Homeowners' Exemption (DHE) Program from $29,000 to $50,000 starting July 1, 2016. Future increases to the income eligibility limit will automatically take effect every two years starting July 1, 2018, by the average annual percentage change in the U.S. Department of Labor's Consumer Price Index for all urban consumers (CPI-U). SUMMARY OF SPECIFIC PROVISIONS : Section 1 amends paragraph a of subdivision 5 of section 459-c of the real property tax law to increase the maximum income eligibility limit for the Disabled Homeowners' Exemption and establish automatic biennial increases to the maximum income eligibility limit. Section 2 states that the bill will take effect immediately. JUSTIFICATION :
2015-S3369A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3369--A 2015-2016 Regular Sessions I N S E N A T E February 5, 2015 ___________ Introduced by Sen. HOYLMAN -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- recom- mitted to the Committee on Local Government 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 allowable increases in property income for persons with disabilities and limited incomes for purposes of qualification for certain tax exemptions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 5 of section 459-c of the real property tax law, as separately amended by chapters 187 and 252 of the laws of 2006, is amended to read as follows: (a) if 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 exemption exceeds the sum of three thousand dollars, or such other sum not less than three thousand dollars [nor more than twenty-six thousand dollars beginning July first, two thousand six, twenty-seven thousand dollars beginning July first, two thousand seven, twenty-eight thousand dollars beginning July first, two thousand eight, and twenty-nine], FIFTY thousand dollars beginning July first, two thousand [nine] SIXTEEN, as may be provided by the local law or resolution adopted pursuant to this section; PROVIDED, HOWEVER, BEGIN- NING JULY FIRST, TWO THOUSAND EIGHTEEN AND EVERY TWO YEARS THEREAFTER, THE MAXIMUM ALLOWABLE INCOME SHALL INCREASE BY THE PRODUCT OF THE AVER- AGE ANNUAL PERCENTAGE CHANGES IN THE CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS (CPI-U) AS PUBLISHED BY THE UNITED STATES DEPARTMENT OF LABOR BUREAU OF LABOR STATISTICS FOR THE TWO YEAR PERIOD ROUNDED TO THE NEAR- EST ONE THOUSAND DOLLARS. Income tax year shall mean the twelve month period for which the owner or owners filed a federal personal income tax return, or if no such return is filed, the calendar year. Where title is EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08818-02-6
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