Bill Text: NY S07444 | 2011-2012 | General Assembly | Introduced

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Bill Title: Relates to increasing the combined household income limit for eligibility for a senior citizen rent increase exemption (SCRIE) where the head of household has a resident spouse.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-05-17 - REFERRED TO AGING [S07444 Detail]

Download: New_York-2011-S07444-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7444
                                   I N  S E N A T E
                                     May 17, 2012
                                      ___________
       Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
         printed to be committed to the Committee on Aging
       AN ACT to amend the real property tax law, in relation to increasing the
         allowable maximum income of persons occupying rental  units  otherwise
         eligible  for  tax abatement in certain cases, increasing the combined
         household income limit for  eligibility  for  a  senior  citizen  rent
         increase exemption (SCRIE)
         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 3 of section 467-b of  the  real
    2  property  tax  law, as separately amended by chapters 188 and 205 of the
    3  laws of 2005, is amended to read as follows:
    4    a. [for a dwelling unit where the head of the household  is  a  person
    5  sixty-two  years  of  age or older, no tax abatement shall be granted if
    6  the combined income of all members of the household for the  income  tax
    7  year  immediately  preceding the date of making application exceeds four
    8  thousand dollars, or such other sum not more than  twenty-five  thousand
    9  dollars  beginning  July  first,  two thousand five, twenty-six thousand
   10  dollars beginning July first, two thousand  six,  twenty-seven  thousand
   11  dollars  beginning July first, two thousand seven, twenty-eight thousand
   12  dollars beginning July first, two thousand eight, and twenty-nine  thou-
   13  sand dollars beginning July first, two thousand nine, as may be provided
   14  by  the  local  law,  ordinance  or  resolution adopted pursuant to this
   15  section, provided that when the head of the household retires before the
   16  commencement of such income tax year and the date of filing the applica-
   17  tion, the income for such year may be adjusted by  excluding  salary  or
   18  earnings  and  projecting  his  or her retirement income over the entire
   19  period of such year] (I) FOR A DWELLING  UNIT  WHERE  THE  HEAD  OF  THE
   20  HOUSEHOLD  IS A PERSON SIXTY-TWO YEARS OF AGE OR OLDER, WITH NO RESIDING
   21  SPOUSE, NO TAX ABATEMENT SHALL BE GRANTED IF THE COMBINED INCOME OF  ALL
   22  MEMBERS  OF  THE HOUSEHOLD FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING
   23  THE DATE OF MAKING APPLICATION EXCEEDS FOUR THOUSAND  DOLLARS,  OR  SUCH
   24  OTHER  SUM NOT MORE THAN THIRTY THOUSAND DOLLARS, PROVIDED THAT WHEN THE
   25  HEAD OF THE HOUSEHOLD RETIRES BEFORE THE COMMENCEMENT OF SUCH INCOME TAX
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD15843-01-2
       S. 7444                             2
    1  YEAR AND THE DATE OF FILING THE APPLICATION, THE INCOME  FOR  SUCH  YEAR
    2  MAY  BE  ADJUSTED  BY EXCLUDING SALARY OR EARNINGS AND PROJECTING HIS OR
    3  HER RETIREMENT INCOME OVER THE ENTIRE PERIOD OF SUCH YEAR; AND
    4    (II)  FOR  A DWELLING UNIT WHERE THE HEAD OF THE HOUSEHOLD IS A PERSON
    5  SIXTY-TWO YEARS OF AGE OR OLDER, WITH A RESIDING SPOUSE, NO  TAX  ABATE-
    6  MENT  SHALL  BE  GRANTED  IF  THE  COMBINED INCOME OF ALL MEMBERS OF THE
    7  HOUSEHOLD FOR THE INCOME TAX YEAR  IMMEDIATELY  PRECEDING  THE  DATE  OF
    8  MAKING  APPLICATION EXCEEDS FOUR THOUSAND DOLLARS, OR SUCH OTHER SUM NOT
    9  MORE THAN FIFTY-FIVE THOUSAND DOLLARS, PROVIDED THAT WHEN  THE  HEAD  OF
   10  THE  HOUSEHOLD  RETIRES  BEFORE THE COMMENCEMENT OF SUCH INCOME TAX YEAR
   11  AND THE DATE OF FILING THE APPLICATION, THE INCOME FOR SUCH YEAR MAY  BE
   12  ADJUSTED  BY  EXCLUDING  SALARY  OR  EARNINGS  AND PROJECTING HIS OR HER
   13  RETIREMENT INCOME OVER THE ENTIRE PERIOD OF SUCH YEAR.
   14    S 2. This act shall take effect immediately, provided,  however,  that
   15  the  amendments  to  section  467-b of the real property tax law made by
   16  section one of this act shall not affect the expiration of such  section
   17  and shall be deemed to expire therewith.