S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7843
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 24, 2019
                                ___________
 
 Introduced  by M. of A. ROZIC -- read once and referred to the Committee
   on Aging
 
 AN ACT to amend the real property tax law, in relation to 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. Paragraphs a and b of subdivision 3 of section 467-b of the
 real  property tax law, paragraph a as amended by section 1 of part U of
 chapter 55 of the laws of 2014 and paragraph b as amended by chapter 129
 of the laws of 2014, are amended to read as follows:
   a. for a dwelling unit where the head of the  household  is  a  person
 sixty-two  years  of  age or older, no tax abatement shall be granted if
 the combined income of all members of the household for the  income  tax
 year  immediately  preceding the date of making application exceeds four
 thousand dollars, or such other sum not more than  twenty-five  thousand
 dollars  beginning  July  first,  two thousand five, twenty-six thousand
 dollars beginning July first, two thousand  six,  twenty-seven  thousand
 dollars  beginning July first, two thousand seven, twenty-eight thousand
 dollars beginning July first, two thousand eight,  twenty-nine  thousand
 dollars  beginning  July  first,  two  thousand nine, and fifty thousand
 dollars beginning July first,  two  thousand  fourteen,  AND  FIFTY-FIVE
 THOUSAND  DOLLARS BEGINNING JULY FIRST, TWO THOUSAND NINETEEN, as may be
 provided by the local law, ordinance or resolution adopted  pursuant  to
 this  section,  provided  that  when  the  head of the household retires
 before the commencement of such income tax year and the date  of  filing
 the  application,  the income for such year may be adjusted by excluding
 salary or earnings and projecting his or her retirement income over  the
 entire period of such year.
   b.  for a dwelling unit where the head of the household qualifies as a
 person with a disability pursuant to subdivision five of  this  section,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD10058-01-9

 A. 7843                             2
 
 no tax abatement shall be granted if the combined income for all members
 of  the household for the current income tax year exceeds fifty thousand
 dollars beginning July first,  two  thousand  fourteen,  AND  FIFTY-FIVE
 THOUSAND  DOLLARS BEGINNING JULY FIRST, TWO THOUSAND NINETEEN, as may be
 provided by the local law, ordinance or resolution adopted  pursuant  to
 this section.
   §  2. This act shall take effect immediately, provided that the amend-
 ments to paragraphs a and b of subdivision 3 of  section  467-b  of  the
 real  property  tax law made by section one of this act shall not affect
 the expiration of such paragraphs and shall be deemed to  expire  there-
 with.