Senate Bill S9774

2023-2024 Legislative Session

Raises the income eligibility for senior citizens and disabled residents

download bill text pdf

Sponsored By

Current 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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2023-S9774 (ACTIVE) - Details

See Assembly Version of this Bill:
A10291
Current Committee:
Senate Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467-b, RPT L

2023-S9774 (ACTIVE) - Summary

Raises the income eligibility for senior citizens and disabled residents to seventy-five thousand dollars.

2023-S9774 (ACTIVE) - Sponsor Memo

2023-S9774 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9774
 
                             I N  S E N A T E
 
                               May 29, 2024
                                ___________
 
 Introduced by Sen. FERNANDEZ -- 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 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.
              

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