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Who cares
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Sponsors
3 Co-sponsors
History
- Referred to aging
- Referred to aging
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Permits a governing board of a municipality to grant a total exemption from real property taxation in certain instances for persons 75 years of age or over
In Assembly Committee · Real Property Taxation · Sponsor Grace Meng
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
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-g to the Real Property Tax Law.
Justification
Seniors in New York who own their homes are facing an ever increasing tax burden. Many of these seniors have limited income which makes school taxes even more difficult to bear. This legislation will exempt senior homeowners who have no children in school and who have lived in the school district for thirty years or more from having to pay school taxes.
Legislative history
2006: S.6273-A - Passed Senate 2007: S.245A - Passed Senate 2008: S.245A - Advanced to Third Reading
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after the first of January next succeeding the date on which this act shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.