What's happening
This bill ensures that property tax exemptions for seniors are not rescinded when a qualifying sibling co-owner dies, similar to current spousal protections.
Why it matters
Expands property tax exemption protections to siblings. By including siblings alongside spouses, the bill recognizes more diverse family structures and allows elderly co-owning siblings to remain financially stable after one passes away.
Helps prevent displacement of surviving seniors. Surviving siblings who are at least 62 years old can continue receiving tax exemptions, reducing the risk that they will be forced to sell or leave their homes due to increased tax burdens after a co-owner’s death.
Aligns property law with evolving household realities. The change acknowledges that many older adults share homes with siblings rather than spouses, making the law more equitable and relevant to real-world living arrangements.
Simplifies estate and tax planning for aging New Yorkers. Seniors who co-own property with a sibling can plan with greater certainty, knowing that the death of a co-owner won’t suddenly alter their exemption status or create unexpected financial hardship.
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
Protect Siblings' Tax Exemptions
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to real property taxation
- Referred to real property taxation
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2193
2019-2020 Regular Sessions
IN ASSEMBLY
January 22, 2019
Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to not rescinding certain tax exemptions for real property owned by siblings
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subparagraph (iii) of paragraph (a) of subdivision 4 of section 425 of the real property tax law, as added by section 4 of part A of chapter 405 of the laws of 1999, is amended to read as follows:
(iii) In the case of property owned by husband and wife or by siblings, one of whom is sixty-five years of age or over, the exemption, once granted, shall not be rescinded solely because of the death of the older spouse or sibling, so long as the surviving spouse or sibling is at least sixty-two years of age as of the date specified in this paragraph.
§ 2. Paragraph (d) of subdivision 1 of section 467 of the real property tax law, as amended by chapter 440 of the laws of 1985, is amended to read as follows:
(d) The real property tax exemption on real property owned by husband and wife or by siblings, one of whom is sixty-five years of age or over, once granted, shall not be rescinded by any municipal corporation solely because of the death of the older spouse or sibling so long as the surviving spouse or sibling is at least sixty-two years of age.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05088-01-9
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.