Assembly Bill A1312

2019-2020 Legislative Session

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

download bill text pdf

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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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2019-A1312 (ACTIVE) - Details

Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467-b, RPT L
Versions Introduced in Other Legislative Sessions:
2013-2014: A8642
2015-2016: A861
2017-2018: A4774
2021-2022: A3206
2023-2024: A1079

2019-A1312 (ACTIVE) - Summary

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

2019-A1312 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1312
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 14, 2019
                                ___________
 
 Introduced  by  M.  of  A. L. 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;
   §  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.
                                                            LBD03321-01-9

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