What's happening
This bill allows residents aged 55 and older in age-restricted communities to receive a 25% reduction in school taxes.
Why it matters
Targets a specific demographic. The bill provides a tax benefit only to residents aged 55 and older living in communities with age-restricted zoning, potentially making these developments more attractive to older adults and influencing local housing patterns.
May impact school funding. By reducing school taxes for a segment of the population, the bill could decrease the overall tax revenue available to local schools, possibly affecting school budgets or shifting the tax burden to other residents.
Requires local approval. The tax reduction is not automatic; it depends on approval by the local town or village, giving municipalities control but potentially resulting in uneven application across the state.
Reflects broader debates on taxation and public services. This proposal highlights ongoing policy questions about who should bear the cost of public education, especially in communities where residents may have less direct use of local schools.
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Cut School Taxes for Seniors
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to investigations and government operations
- Referred to investigations and government operations
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.
Cut School Taxes for Seniors
In Assembly Committee · Ways And Means · Sponsor Edward Ra
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
5555
2017-2018 Regular Sessions
IN SENATE
April 12, 2017
Introduced by Sen. HANNON -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations
AN ACT to amend the tax law, in relation to school tax reductions for residents in communities that restrict ownership to those fifty-five years of age and older
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The tax law is amended by adding a new section 1232 to read as follows:
§ 1232. School tax reduction. In any community where zoning regulations restrict ownership to those fifty-five years of age and older, such residents shall be eligible for a twenty-five percent reduction in school taxes upon approval by the local town or village.
§ 2. This act shall take effect on the first of January next succeeding the date on which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06691-02-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to school tax reductions for residents in communities that restrict ownership to those fifty-five years of age and older
Purpose
Provides for a 25% reduction in school districts to residents of age-restricted communities upon the approval of the local town or village.
Summary of provisions
Adds a new section, 1232 to the Tax Law. This section allows any community where zoning regulations restrict ownership to those fifty-five years of age and older, the residents, a twenty-five percent reduction in school taxes upon approval by the local town or village.
Justification
Residents of age-restricted communities rarely have children of school age living on their premises and do not burden the school district representing the surrounding communities. This legislation provides limited school tax relief to these taxpayers in light of the fact that they do not burden the school district.
Legislative history
New bill.
Fiscal implications
None to the State
Effective date
This act shall take effect on the first day of January next succeeding the date on which it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.