Bill Text: NY A00780 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides localities with the option to offer seniors the option of two previous income years instead of one to determine real property tax exemption income eligibility.

Spectrum: Strong Partisan Bill (Republican 10-1)

Status: (Introduced - Dead) 2012-02-14 - held for consideration in real property taxation [A00780 Detail]

Download: New_York-2011-A00780-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          780
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced  by  M.  of A. RABBITT, KOLB, HAWLEY, FINCH, RAIA, McDONOUGH,
         McKEVITT -- Multi-Sponsored by -- M. of A. BARCLAY,  BURLING,  CROUCH,
         WEISENBERG -- read once and referred to the Committee on Real Property
         Taxation
       AN  ACT  to  amend  the  real  property tax law, in relation to offering
         seniors the option of either of two preceding  income  tax  years  for
         real property tax exemption eligibility
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 467 of the real property  tax  law  is  amended  by
    2  adding a new subdivision 11 to read as follows:
    3    11.  NOTWITHSTANDING  THE  PROVISIONS  OF  SUBDIVISION  THREE  OF THIS
    4  SECTION OR ANY OTHER PROVISION OF LAW TO THE CONTRARY,  ANY  LOCAL  LAW,
    5  ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF SUBDIVISION
    6  ONE  OF THIS SECTION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOL-
    7  UTION MAY BE ADOPTED, TO PROVIDE THAT AN EXEMPTION SHALL BE  GRANTED  IF
    8  THE  INCOME  OF  THE  OWNER  OR THE COMBINED INCOME OF THE OWNERS OF THE
    9  PROPERTY FOR EITHER OF THE TWO INCOME TAX  YEARS  IMMEDIATELY  PRECEDING
   10  THE  DATE  OF APPLICATION FOR EXEMPTION DOES NOT EXCEED THE SUM OF THREE
   11  THOUSAND DOLLARS, OR SUCH OTHER SUM NOT LESS THAN THREE THOUSAND DOLLARS
   12  NOR MORE THAN TWENTY-FOUR THOUSAND DOLLARS AS MAY  BE  PROVIDED  BY  THE
   13  LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO THIS SECTION.
   14    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01623-01-1