Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to aging |
Jun 21, 2017 |
committed to rules |
Mar 13, 2017 |
advanced to third reading |
Mar 08, 2017 |
2nd report cal. |
Mar 07, 2017 |
1st report cal.375 |
Jan 04, 2017 |
referred to aging |
Senate Bill S237
2017-2018 Legislative Session
Sponsored By
(R, C, IP) 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
co-Sponsors
(R, C, IP) Senate District
2017-S237 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7544
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S2022, A4709
2011-2012: S2212, A3740
2013-2014: S3585, A463
2015-2016: S1074, A5416
2019-2020: A6874
2017-S237 (ACTIVE) - Sponsor Memo
BILL NUMBER: S237 TITLE OF BILL : An act to amend the real property tax law, in relation to increasing maximum income eligibility levels for real property tax exemptions for seniors PURPOSE OR GENERAL IDEA OF BILL : To gradually increase the income levels for the senior citizen partial real property tax exemption that may be enacted by local governments over multiple years. SUMMARY OF PROVISIONS : Section 1 of this bill amends subparagraph 1 of paragraph (b) of subdivision 1 of section 467 of the Real Property Tax Law to increase the income eligibility levels for the partial real property tax exemption that local governments may provide to property owners who are at least 65 years old. The exemption, which ranges from 5% to 45% of the property's assessed value, uses a sliding scale based on the property owner's income to determine the exemption amount. For years beginning before July 1, 2019, the maximum exemption of 45% would be available to property
2017-S237 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 237 2017-2018 Regular Sessions I N S E N A T E (PREFILED) January 4, 2017 ___________ Introduced by Sens. GOLDEN, YOUNG -- 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 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 NINETEEN, 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
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