Assembly Bill A861

2015-2016 Legislative Session

Relates to pension income and tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

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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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2015-A861 (ACTIVE) - Details

Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง467-b, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8642
2017-2018: A4774
2019-2020: A1312
2021-2022: A3206
2023-2024: A1079

2015-A861 (ACTIVE) - Summary

Relates to pension income and tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities.

2015-A861 (ACTIVE) - Bill Text download pdf 

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

                                   861

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             January 7, 2015
                               ___________

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

AN ACT to amend the real property tax law, in relation to pension income
  and tax abatement for  rent-controlled  and  rent  regulated  property
  occupied by senior citizens or persons with disabilities

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

  Section 1. Paragraph c of subdivision 1 of section 467-b of  the  real
property  tax  law,  as  amended  by chapter 500 of the laws of 2001, is
amended to read as follows:
  c. "Income" means income from  all  sources  after  deduction  of  all
income  and  social  security  taxes  and  includes  social security and
retirement benefits, supplemental security income and  additional  state
payments,  public  assistance  benefits, interest, dividends, net rental
income, salary or earnings, and net  income  from  self-employment,  but
shall  not  include  gifts or inheritances, payments made to individuals
because of their status as victims of Nazi persecution,  as  defined  in
P.L.  103-286,  or increases in benefits accorded pursuant to the social
security act or a public or private pension paid to any  member  of  the
household  [which  increase,  in  any  given  year,  does not exceed the
consumer price index (all items United States city  average)]  for  such
year  which  take  effect  after  the date of eligibility of head of the
household receiving benefits hereunder whether received by the  head  of
the household or any other member of the household;
  S  2. This act shall take effect immediately, provided that the amend-
ment to paragraph c of subdivision 1 of section 467-b of the real  prop-
erty  tax  law,  made  by  section one of this act, shall not affect the
expiration of such section and shall be deemed to expire therewith.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04259-01-5

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