Bill Text: NY A05353 | 2021-2022 | General Assembly | Introduced


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

Spectrum: Moderate Partisan Bill (Republican 25-6)

Status: (Introduced) 2022-05-10 - held for consideration in real property taxation [A05353 Detail]

Download: New_York-2021-A05353-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          5353

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 12, 2021
                                       ___________

        Introduced  by M. of A. GANDOLFO, ASHBY, NORRIS -- Multi-Sponsored by --
          M. of A.  BLANKENBUSH, BRABENEC, COLTON, COOK, DiPIETRO, J. M. GIGLIO,
          GOODELL, HAWLEY, McDONOUGH, B. MILLER, MONTESANO, PALMESANO, PICHARDO,
          RA, ROZIC, STECK, THIELE -- read once and referred to the Committee on
          Real Property 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-two, eligibility for the exemption shall be based upon income for the
     6  income tax year immediately preceding the date of making application for
     7  the exemption, and the income standard shall  be  one  hundred  thousand
     8  dollars.
     9    § 2. This act shall take effect immediately and shall apply to all tax
    10  years commencing on or after it shall have become a law.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08762-01-1
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