What's happening
This bill allows local governments to expand property tax exemptions for seniors by excluding more disability pension income from eligibility calculations.
Why it matters
Increases flexibility for local governments. By allowing local governments to exclude a higher amount of disability pension income (up to $15,000, rather than the previous $3,000 cap) from senior citizens’ income calculations, this bill gives municipalities more power to tailor property tax relief to their residents’ needs.
Targets seniors with disabilities. Seniors who receive disability pensions or benefits could see greater access to property tax exemptions, potentially helping those who have higher disability-related costs or lower total incomes despite receiving these benefits.
May increase eligibility for tax relief. More seniors with moderate disability pension income may now qualify for property tax exemptions, reducing their housing costs and supporting their ability to age in place.
Potential impact on local tax revenues. Expanding the exemption could decrease the taxable property base, which may affect municipal budgets and could lead to shifts in how local services are funded.
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
Exclude Disability Pensions From Tax
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
3530
2019-2020 Regular Sessions
IN ASSEMBLY
January 29, 2019
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.
LBD07779-01-9
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.