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A4026Assembly2017-2018 Session

Exclude Disability Pensions From Tax

Official title

“Allows localities to exclude disability pension in determining eligibility level for partial exemption from real property tax”

Sponsor J. Gary PretlowAD-89Affects Housing
Status
In Assembly Committee
Real Property Taxation
Impact
4/10
Low
Passage
0%

Bill progress

Step 2 of 7

In committee · Real Property Taxation

What's happening

This bill allows local governments to increase the amount of disability pension income excluded when qualifying seniors for property tax exemptions.

Why it matters

  1. Enables local governments to more generously exclude disability pension or benefit income when seniors apply for property tax relief, which could increase the number of older adults who qualify for this exemption.

  2. Raises the potential exclusion cap from $3,000 up to $15,000, giving municipalities flexibility to set higher limits based on local needs and cost of living.

  3. May help seniors with disabilities who rely on disability income to better afford to stay in their homes, potentially reducing financial stress and risk of displacement.

  4. Shifts some decision-making power to local authorities, allowing communities to tailor property tax exemption policies to better address their own senior populations’ circumstances.

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Who cares

Headline styles

Exclude Disability Pensions From Tax

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
J. Gary Pretlow

Assembly Member · Assembly District 89

Chair, Ways and Means

No co-sponsors yet.

History

  1. Referred to real property taxation
  2. Referred to real property taxation

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

4026

2017-2018 Regular Sessions

IN ASSEMBLY

January 30, 2017

Introduced by M. of A. PRETLOW -- read once and referred to the Committee on Real Property Taxation

AN ACT to amend the real property tax law, in relation to qualifications of certain real property owners, sixty-five years of age or over, for partial exemption from real property taxation

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Section 467 of the real property tax law is amended by adding a new subdivision 11 to read as follows:

11. Any local law or ordinance adopted pursuant to paragraph (a) of subdivision one and paragraph (a) of subdivision three of this section may be amended, or a local law or ordinance may be adopted to allow a local law to offer an exemption to an individual or owners of property based on income earned during the income tax year immediately preceding the date of making the application, that may exclude income earned from a disability pension or benefits that may exceed the sum of three thousand dollars up to fifteen thousand dollars as may be provided by the local law, ordinance or resolution adopted pursuant to this subdivision.

§ 2. This act shall take effect on the first of January next succeeding the date on which it shall have become a law and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after such date.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD08665-01-7

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.