Senate Bill S4879

2017-2018 Legislative Session

Includes in definition of income all sources after deduction of all medical and prescription drugs not reimbursed or paid by insurance

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Sponsored By

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

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2017-S4879 (ACTIVE) - Details

See Assembly Version of this Bill:
A1374
Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§467-b & 467-c, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A1800, A9516
2011-2012: S500, A758
2013-2014: S18, A428
2015-2016: S464, A1113
2019-2020: A3379
2021-2022: A2253
2023-2024: A6053

2017-S4879 (ACTIVE) - Summary

Excludes expenditures for medical care not covered by insurance from the definition of "income" for the purpose of a real property tax abatement for rent-controlled and rent regulated property occupied by senior citizens.

2017-S4879 (ACTIVE) - Sponsor Memo

2017-S4879 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4879
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               March 3, 2017
                                ___________
 
 Introduced  by Sens. DIAZ, AVELLA -- 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  excluding
   certain  expenditures for medical care from the definition of "income"
   for the purpose of a tax abatement for rent-controlled and rent  regu-
   lated property occupied by senior citizens
 
   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 consum-
 er  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  house-
 hold  or any other member of the household  AND ANY SUCH INCOME SHALL BE
 OFFSET BY ALL MEDICAL AND PRESCRIPTION DRUG EXPENSES ACTUALLY PAID WHICH
 WERE NOT REIMBURSED OR PAID FOR BY INSURANCE, IF THE GOVERNING BOARD  OF
 A MUNICIPALITY, AFTER A PUBLIC HEARING, ADOPTS A LOCAL LAW, ORDINANCE OR
 RESOLUTION PROVIDING THEREFOR;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03559-01-7

              

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