Assembly Bill A10291

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10291
 
                           I N  A S S E M B L Y
 
                               May 17, 2024
                                ___________
 
 Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. Reyes) --
   read once and referred to the Committee on Aging
 
 AN ACT to amend the real property tax law, in relation  to  raising  the
   income  eligibility  threshold  for senior citizens and disabled resi-
   dents
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Paragraph a of subdivision 3 of section 467-b of the real
 property tax law, as amended by section 1 of part U of chapter 55 of the
 laws of 2014, is 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  SEVENTY-FIVE
 THOUSAND  DOLLARS BEGINNING JULY FIRST, TWO THOUSAND TWENTY-FOUR, 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] SUCH INDIVIDUAL'S retire-
 ment income over the entire period of such year.
   § 2. Paragraph a of subdivision 3 of section 467-b of the real proper-
 ty tax law, as separately amended by chapters 188 and 205 of the laws of
 2005, is 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD15588-02-4
 A. 10291                            2
 
 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, [and] twenty-nine
 thousand dollars beginning July first, two thousand nine,  AND  SEVENTY-
 FIVE THOUSAND DOLLARS BEGINNING JULY FIRST, TWO THOUSAND TWENTY-FOUR, as
 may be provided by the local law, ordinance or resolution adopted pursu-
 ant  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]  SUCH  INDIVID-
 UAL'S retirement income over the entire period of such year.
   § 3. Paragraph b of subdivision 3 of section 467-b of the real proper-
 ty  tax law, as amended by section 1 of chapter 129 of the laws of 2014,
 is amended to read as follows:
   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,
 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 SEVENTY-FIVE
 THOUSAND DOLLARS BEGINNING JULY FIRST, TWO THOUSAND TWENTY-FOUR, as  may
 be  provided  by the local law, ordinance or resolution adopted pursuant
 to this section.
   § 4. Paragraph b of subdivision 3 of section 467-b of the real proper-
 ty tax law, as amended by section 2 of chapter 129 of the laws of  2014,
 is amended to read as follows:
   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,
 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  SEVENTY-FIVE
 THOUSAND  DOLLARS BEGINNING JULY FIRST, TWO THOUSAND TWENTY-FOUR, as may
 be provided by the local law, ordinance or resolution  adopted  pursuant
 to this section.
   § 5. This act shall take effect immediately; provided that:
   (a)  the  amendments  made  to paragraph a of subdivision 3 of section
 467-b of the real property tax law made by section one of this act shall
 be subject to the expiration and reversion of such paragraph  when  upon
 such  date  the provisions of section two of this act shall take effect;
 and
   (b) the amendments made to paragraph b of  subdivision  3  of  section
 467-b  of  the  real  property tax law made by section three of this act
 shall be subject to the expiration and reversion of such paragraph  when
 upon  such  date  the  provisions of section four of this act shall take
 effect.