Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jun 06, 2016 |
referred to rules |
Senate Bill S8021
2015-2016 Legislative Session
Sponsored By
(R, C) 60th Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
- Introduced
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- In Committee Assembly
- In Committee Senate
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- On Floor Calendar Assembly
- On Floor Calendar Senate
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- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2015-S8021 (ACTIVE) - Details
2015-S8021 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8021 Revised 06/06/16 TITLE OF BILL : An act to amend the real property tax law, in relation to establishing a senior citizen longtime resident exemption in certain cities PURPOSE : Authorizes cities having a population of between 250,000 and 300,000 to establishing a senior citizen longtime resident real property tax exemption SUMMARY OF PROVISIONS : Section 1 of the bill amends the real property tax law by adding a new section 467-j. Section 2 of the bill provides the effective date. JUSTIFICATION : When a neighborhood is determined to be gentrifying, a potential byproduct is the displacement of long-time residents. Higher mortgages and rents may be cited as a reason for that displacement.
2015-S8021 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8021 I N S E N A T E June 6, 2016 ___________ Introduced by Sen. GALLIVAN -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the real property tax law, in relation to establishing a senior citizen longtime resident exemption in certain cities 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-j to read as follows: S 467-J. SENIOR CITIZEN LONGTIME RESIDENT EXEMPTION. 1. ESTABLISHMENT. ANY CITY WITH A POPULATION GREATER THAN TWO HUNDRED FIFTY THOUSAND AND LESS THAN THREE HUNDRED THOUSAND, AS DETERMINED BY THE LATEST DECENNIAL FEDERAL CENSUS, AFTER CONDUCTING A PUBLIC HEARING, MAY ADOPT A LOCAL LAW TO GRANT A SENIOR CITIZEN LONGTIME RESIDENT EXEMPTION PURSUANT TO THIS SECTION. ONCE A CITY HAS ENACTED A LOCAL LAW ADOPTING THE PROVISIONS OF THIS SECTION, THE COUNTY GOVERNMENT IN WHICH SUCH CITY IS LOCATED MAY ALSO ENACT A LOCAL LAW TO PROVIDE AN EXEMPTION IN THE SAME MANNER AS SUCH CITY. 2. ELIGIBILITY. A. NO EXEMPTION SHALL NOT BE GRANTED PURSUANT TO THIS SECTION UNLESS: (1) THE PROPERTY IS A ONE-, TWO- OR THREE-FAMILY RESIDENTIAL PROPERTY LOCATED WITHIN A UNITED STATES CENSUS TRACT THAT HAS A MEDIAN INCOME NOT EXCEEDING SIXTEEN THOUSAND FIFTY-SIX DOLLARS ACCORDING TO THE TWO THOU- SAND TEN DECENNIAL CENSUS. A CITY ADOPTING THE PROVISIONS OF THIS SECTION MAY BY LOCAL LAW FURTHER LIMIT THE EXEMPTION TO SPECIFIC AREAS WITHIN SUCH CITY EXPERIENCING AN INCREASE IN PROPERTY VALUES DUE TO NEW DEVELOPMENT OCCURRING THEREIN, WHICH PUT SENIOR CITIZEN LONGTIME RESI- DENTS AT RISK OF DISPLACEMENT; (2) THE PROPERTY SERVES AS THE PRIMARY RESIDENCE OF ONE OR MORE OF THE OWNERS; (3) ALL OF THE OWNERS ARE AT LEAST SIXTY-FIVE YEARS OF AGE OR OLDER, OR IN THE CASE OF PROPERTY OWNED BY HUSBAND AND WIFE OR BY SIBLINGS, ONE OF THE OWNERS IS AT LEAST SIXTY-FIVE YEARS OF AGE, AS OF THE TAXABLE STATUS DATE. AT THE OPTION OF THE CITY, WHICH SHALL BE SPECIFIED IN THE LOCAL LAW ADOPTING THE PROVISIONS OF THIS SECTION, ANY PERSON OTHERWISE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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