Bill Text: NY A04448 | 2009-2010 | General Assembly | Introduced

New York Assembly Bill 4448 (Prior Session Legislation)

Introduced

Bill Title: 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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - referred to real property taxation [A04448 Detail]

Download: New_York-2009-A04448-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4448
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 4, 2009
                                      ___________
       Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
         tee 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 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.  ANY  LOCAL  LAW OR ORDINANCE ADOPTED PURSUANT TO PARAGRAPH (A) OF
    4  SUBDIVISION ONE AND PARAGRAPH (A) OF SUBDIVISION THREE OF  THIS  SECTION
    5  MAY  BE  AMENDED,  OR A LOCAL LAW OR ORDINANCE MAY BE ADOPTED TO ALLOW A
    6  LOCAL LAW TO OFFER AN EXEMPTION TO AN INDIVIDUAL OR OWNERS  OF  PROPERTY
    7  BASED  ON INCOME EARNED DURING THE INCOME TAX YEAR IMMEDIATELY PRECEDING
    8  THE DATE OF MAKING THE APPLICATION, THAT MAY EXCLUDE INCOME EARNED  FROM
    9  A  DISABILITY PENSION OR BENEFITS THAT MAY EXCEED THE SUM OF THREE THOU-
   10  SAND DOLLARS UP TO FIFTEEN THOUSAND DOLLARS AS MAY BE  PROVIDED  BY  THE
   11  LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO THIS SUBDIVISION.
   12    S  2. This act shall take effect on the first of January next succeed-
   13  ing the date on which it shall have become a  law  and  shall  apply  to
   14  assessment rolls prepared on the basis of taxable status dates occurring
   15  on or after such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07982-01-9