Bill Text: NY A04402 | 2023-2024 | General Assembly | Introduced

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Bill Title: Provides that the current real property tax exemption for persons over 65 may also be extended to those persons who are totally and permanently disabled; requires that municipalities shall provide by local law that such exemptions shall be granted to either those 65 years of age or older or to those who are totally and permanently disabled, or to both categories of persons.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Introduced) 2024-01-03 - referred to real property taxation [A04402 Detail]

Download: New_York-2023-A04402-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4402

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 14, 2023
                                       ___________

        Introduced  by  M.  of A. FITZPATRICK, DiPIETRO, REILLY, TAGUE -- Multi-
          Sponsored by -- M. of A. MANKTELOW -- read once and  referred  to  the
          Committee on Real Property Taxation

        AN  ACT  to  amend  the  real  property tax law, in relation to granting
          partial exemption from real  property  taxation  to  persons  who  are
          totally and permanently disabled

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

     1    Section 1.  Paragraph (a) of subdivision 1 of section 467 of the  real
     2  property  tax  law,  as amended by section 1 of part B of chapter 686 of
     3  the laws of 2022, is amended to read as follows:
     4    (a) Real property owned by one  or  more  persons,  each  of  whom  is
     5  sixty-five  years  of age or over, or real property owned by husband and
     6  wife or by siblings, one of whom is sixty-five years of age or  over  or
     7  totally  and permanently disabled, or real property owned by one or more
     8  persons, some of whom qualify under this section and the others of  whom
     9  qualify  under section four hundred fifty-nine-c of this title, shall be
    10  exempt from payments in lieu of taxes (PILOT) to the battery  park  city
    11  authority or from taxation by any municipal corporation in which located
    12  to  the  extent  of  fifty per centum of the assessed valuation thereof,
    13  provided the governing board of such municipality, after public hearing,
    14  adopts a local law, ordinance or resolution  providing  [therefor]  that
    15  such  exemption shall be granted to either those sixty-five years of age
    16  or over, or to those totally and permanently disabled, or to both  cate-
    17  gories.  For  the purposes of this section, sibling shall mean a brother
    18  or a  sister,  whether  related  through  half  blood,  whole  blood  or
    19  adoption.
    20    §  2. This act shall take effect on the first of January next succeed-
    21  ing 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.
                                                                   LBD08400-01-3