Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 13, 2025 |
referred to local government |
Senate Bill S6427
2025-2026 Legislative Session
Sponsored By
(R, C) 38th Senate District
Current Bill Status - In Senate Committee Local Government 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
Actions
2025-S6427 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6271
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Add §467-o, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
A7169
2013-2014: A1208
2015-2016: A1339
2017-2018: A1543
2019-2020: A1842
2021-2022: A230
2023-2024: A3733
2025-S6427 (ACTIVE) - Summary
Grants a total exemption from real property school tax for property owned by a person seventy-five years of age or older, or owned by spouses or siblings if one such person is seventy-five years of age or over, provided the owner has no children in the school district and has resided in the district for 30 years or more.
2025-S6427 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6427 SPONSOR: WEBER TITLE OF BILL: An act to amend the real property tax law, in relation to granting a total exemption from real property taxation for school tax purposes for certain persons seventy-five years of age or over PURPOSE: This legislation permits a governing board of a municipality to grant a total exemption from real property taxation for school tax purposes in certain instances for persons 75 years of age or over. SUMMARY OF PROVISIONS: Adds a new section 467-k to the Real Property Tax Law that allows persons 75 years that have resided in the school district for over 30 years and have no children shall be exempt from school taxes if the municipality adopts a local law providing for such exemption.
2025-S6427 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6427 2025-2026 Regular Sessions I N S E N A T E March 13, 2025 ___________ Introduced by Sen. WEBER -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to granting a total exemption from real property taxation for school tax purposes for certain persons seventy-five years of age or over THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property tax law is amended by adding a new section 467-o to read as follows: § 467-O. PERSONS SEVENTY-FIVE YEARS OF AGE OR OVER. 1. NOTWITHSTAND- ING ANY INCONSISTENT PROVISION OF SECTION FOUR HUNDRED SIXTY-SEVEN OF THIS TITLE OR ANY OTHER PROVISION OF LAW, REAL PROPERTY OWNED BY ONE OR MORE PERSONS EACH OF WHOM IS SEVENTY-FIVE YEARS OF AGE OR OVER, OR REAL PROPERTY OWNED BY SPOUSES OR SIBLINGS, ONE OF WHOM IS SEVENTY-FIVE YEARS OF AGE OR OVER AND THE YOUNGEST OWNER IS AT LEAST SIXTY-FIVE YEARS OF AGE; SUCH PERSONS HAVE RESIDED IN THE SCHOOL DISTRICT FOR AT LEAST THIR- TY YEARS AND DO NOT HAVE ANY CHILDREN ENROLLED IN SUCH SCHOOL DISTRICT SHALL BE EXEMPT FROM TAXATION BY ANY MUNICIPAL CORPORATION FOR SCHOOL PURPOSES, IN WHICH LOCATED, TO THE TOTAL EXTENT OF THE ASSESSED VALU- ATION THEREOF PROVIDED THE GOVERNING BOARD OF SUCH MUNICIPALITY, AFTER PUBLIC HEARING, ADOPTS A LOCAL LAW, ORDINANCE OR RESOLUTION PROVIDING THEREFOR. 2. ALL OF THE PROVISIONS OF SECTION FOUR HUNDRED SIXTY-SEVEN OF THIS TITLE APPLICABLE TO THE GRANTING OF EXEMPTIONS FOR GENERAL, COUNTY, CITY, TOWN, VILLAGE, OR SCHOOL PURPOSES INSOFAR AS SUCH PROVISIONS ARE NOT INCONSISTENT WITH THE PROVISIONS OF THIS SECTION SHALL BE APPLICABLE TO THE EFFECTUATING OF THE EXEMPTION PROVIDED IN THIS SECTION. 3. (A) TO QUALIFY FOR EXEMPTION PURSUANT TO THIS SECTION, THE PROPERTY MUST BE A ONE, TWO OR THREE FAMILY RESIDENCE, A FARM DWELLING OR RESI- DENTIAL PROPERTY HELD IN CONDOMINIUM OR COOPERATIVE FORM OF OWNERSHIP. IF THE PROPERTY IS NOT AN ELIGIBLE TYPE OF PROPERTY, BUT A PORTION OF EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08804-01-5
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