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Who cares
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Sponsors
1 Co-sponsor
History
- Print number 6850a
- Amend and recommit 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.
Grants a total exemption from real property taxation for school tax purposes for certain persons seventy years of age or over
In Assembly Committee · Aging · Sponsor Fred Thiele
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 years of age or over
Purpose
To allow a municipality to elect to grant a total exemption from real property taxation for school tax purposes for certain persons seventy years of age or over.
Summary of provisions
A new Section 467-j is added to the Real Property Tax Law to allow a municipality to elect to grant a total exemption from real property taxation for school tax purposes far certain persons seventy years of age or over meeting specific criteria.
Justification
This proposal would allow a municipality to elect to exempt real property from taxation by any municipal corporation for school purposes that is owned by one or more persons meeting an income requirement of $50,000 each of whom is 70 years of age or over, or owned by husband and wife or siblings, one of whom is 70 years of age or over and the youngest owner is at least 65 year of age, who have resided in the school district for at least ten years and do not have any children in the household enrolled in such school district.
Senior citizens on fixed incomes find it harder and harder to keep up with increasing school taxes as they get older. This legislation would provide relief to those long-time local residents who have carried their share of the tax burden for many years.
Prior legislative history
New Legislation, 2016.
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 January 1, 2017.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.