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History
- 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.
Allows a property owned by at least one owner who is at least 65 years old or older to be eligible for an enhanced STAR exemption
In Assembly Committee · Aging · Sponsor Ann Rabbitt
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6859
Title of bill
An act to amend the real property tax law, in relation to allowing a property to be eligible for an enhanced STAR exemption if at least one owner is at least 65 years old
Purpose
Allows a property owned by at least one owners who is at least 65 years old or older to be eligible for an enhanced STAR exemption.
Summary of provisions
Section 1. Subparagraph (i) of paragraph (a) of subdivision 4 of section 425 of the real property tax law is amended to change the first wording to "at least one".
Justification
New York State requires that all owners be 65 years of age unless, for jointly owned property, only one spouse or sibling must be at least 65 years of age. It is unfair to provide limited exceptions under certain relationships for jointly held property, whereas not all jointly owned property owners are required to be 65 years of age if they are the spouse or sibling of the one property owner who is 65. This bill would allow for the approval of the enhanced star property tax exemption for any property for which only one of the owners is 65 or older.
Legislative history
New Bill.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.