Bill Text: NY A02383 | 2025-2026 | General Assembly | Introduced

---

Bill Title: Relates to raising the income cap for senior citizens applying for the enhanced STAR property tax exemption to $120,000.

Spectrum: Moderate Partisan Bill (Republican 20-5)

Status: (Introduced) 2025-01-16 - referred to real property taxation [A02383 Detail]

Download: New_York-2025-A02383-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          2383

                               2025-2026 Regular Sessions

                   IN ASSEMBLY

                                    January 16, 2025
                                       ___________

        Introduced  by  M.  of  A.  GANDOLFO, DURSO, SMULLEN, MANKTELOW, GIGLIO,
          JENSEN, DeSTEFANO, ANGELINO, McDONOUGH, GALLAHAN, MIKULIN,  PIROZZOLO,
          BEEPHAN,  BROOK-KRASNY  -- Multi-Sponsored by -- M. of A. BLANKENBUSH,
          BRABENEC, COLTON,  COOK,  DiPIETRO,  HAWLEY,  MILLER,  PALMESANO,  RA,
          ROZIC,  STECK -- read once and referred to the Committee on Real Prop-
          erty Taxation

        AN ACT to amend the real property tax law, in relation  to  raising  the
          income cap for senior citizens applying for the enhanced STAR property
          tax exemption

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

     1    Section 1. Subparagraph (i) of  paragraph  (b)  of  subdivision  4  of
     2  section  425  of  the  real  property tax law is amended by adding a new
     3  clause (B-1) to read as follows:
     4    (B-1) For final assessment rolls to be completed in two thousand twen-
     5  ty-four, eligibility for the exemption shall be based  upon  income  for
     6  the income tax year immediately preceding the date of making application
     7  for  the  exemption, and the income standard shall be one hundred twenty
     8  thousand dollars.
     9    § 2. This act shall take effect immediately and shall apply to all tax
    10  years commencing on or after such date.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04555-01-5