S T A T E O F N E W Y O R K
________________________________________________________________________
3740
2011-2012 Regular Sessions
I N A S S E M B L Y
January 27, 2011
___________
Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the
Committee on Aging
AN ACT to amend the real property tax law, in relation to increasing
maximum income eligibility levels for real property tax exemptions for
seniors
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Paragraphs (c) and (d) of subdivision 1 of section 467 of
2 the real property tax law are relettered paragraphs (g) and (h) and four
3 new paragraphs (c), (d), (e) and (f) are added to read as follows:
4 (C) ON AND AFTER JULY FIRST, TWO THOUSAND TWELVE, (1) ANY LOCAL LAW,
5 ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
6 VISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
7 ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME
8 ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
9 SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS
10 M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
11 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
12 EXEMPT FROM TAXATION
13 MORE THAN (M) BUT
14 LESS THAN (M+ $1,250) 45 PER CENTUM
15 (M+ $1,250 OR MORE) BUT
16 LESS THAN (M+ $2,500) 40 PER CENTUM
17 (M+ $2,500 OR MORE) BUT
18 LESS THAN (M+ $3,750) 35 PER CENTUM
19 (M+ $3,750 OR MORE) BUT
20 LESS THAN (M+ $4,875) 30 PER CENTUM
21 (M+ $4,875 OR MORE) BUT
22 LESS THAN (M+ $6,000) 25 PER CENTUM
23 (M+ $6,000 OR MORE) BUT
24 LESS THAN (M+ $7,125) 20 PER CENTUM
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04956-02-1
A. 3740 2
1 (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
2 AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE
3 OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE
4 THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
5 PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
6 INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
7 AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
8 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
9 EXEMPT FROM TAXATION
10 (M+ $7,125 OR MORE) BUT
11 LESS THAN (M+ $8,250) 15 PER CENTUM
12 (M+ $8,250 OR MORE) BUT
13 LESS THAN (M+ $9,375) 10 PER CENTUM
14 (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
15 AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
16 ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO
17 INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO-
18 RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
19 THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
20 SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
21 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
22 EXEMPT FROM TAXATION
23 (M+ $9,375 OR MORE)
24 BUT LESS THAN (M+ $10,500) 5 PER CENTUM
25 (D) ON AND AFTER JULY FIRST, TWO THOUSAND THIRTEEN, (1) ANY LOCAL LAW,
26 ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
27 VISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
28 ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME
29 ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
30 SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS
31 M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
32 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
33 EXEMPT FROM TAXATION
34 MORE THAN (M) BUT 45 PER CENTUM
35 LESS THAN (M+ $1,500)
36 (M+ $1,500 OR MORE) BUT 40 PER CENTUM
37 LESS THAN (M+ $3,000)
38 (M+ $3,000 OR MORE) BUT
39 LESS THAN (M+ $4,500) 35 PER CENTUM
40 (M+ $4,500 OR MORE) BUT
41 LESS THAN (M+ $5,850) 30 PER CENTUM
42 (M+ $5,850 OR MORE) BUT
43 LESS THAN (M+ $7,200) 25 PER CENTUM
44 (M+ $7,200 OR MORE) BUT
45 LESS THAN (M+ $8,550) 20 PER CENTUM
46 (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
47 AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE
48 OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE
A. 3740 3
1 THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
2 PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
3 INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
4 AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
5 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
6 EXEMPT FROM TAXATION
7 (M+ $8,550 OR MORE) BUT
8 LESS THAN (M+ $9,900) 15 PER CENTUM
9 (M+ $9,900 OR MORE) BUT
10 LESS THAN (M+ $11,250) 10 PER CENTUM
11 (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
12 AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
13 ORDINANCE OR RESOLUTION MAY BE ADOPTED TO PROVIDE AN EXEMPTION SO AS TO
14 INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO-
15 RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
16 THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
17 SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
18 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
19 EXEMPT FROM TAXATION
20 (M+ $11,250 OR MORE)
21 BUT LESS THAN (M+ $12,600) 5 PER CENTUM
22 (E) ON AND AFTER JULY FIRST, TWO THOUSAND FOURTEEN, (1) ANY LOCAL LAW,
23 ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
24 VISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
25 ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME
26 ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
27 SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS
28 M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
29 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
30 EXEMPT FROM TAXATION
31 MORE THAN (M) BUT
32 LESS THAN (M+ $1,750) 45 PER CENTUM
33 (M+ $1,750 OR MORE) BUT
34 LESS THAN (M+ $3,500) 40 PER CENTUM
35 (M+ $3,500 OR MORE) BUT
36 LESS THAN (M+ $5,250) 35 PER CENTUM
37 (M+ $5,250 OR MORE) BUT
38 LESS THAN (M+ $6,825) 30 PER CENTUM
39 (M+ $6,825 OR MORE) BUT
40 LESS THAN (M+ $8,400) 25 PER CENTUM
41 (M+ $8,400 OR MORE) BUT
42 LESS THAN (M+ $9,975) 20 PER CENTUM
43 (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
44 AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE
45 OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE
46 THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
47 PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
A. 3740 4
1 INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
2 AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
3 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
4 EXEMPT FROM TAXATION
5 (M+ $9,975 OR MORE) BUT
6 LESS THAN (M+ $11,550) 15 PER CENTUM
7 (M+ $11,550 OR MORE) BUT
8 LESS THAN (M+ $13,125) 10 PER CENTUM
9 (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
10 AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
11 ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO
12 INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO-
13 RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
14 THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
15 SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
16 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
17 EXEMPT FROM TAXATION
18 (M+ $13,125 OR MORE)
19 BUT LESS THAN (M+ $14,700) 5 PER CENTUM
20 (F) ON AND AFTER JULY FIRST, TWO THOUSAND FIFTEEN, (1) ANY LOCAL LAW,
21 ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDI-
22 VISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE
23 ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME
24 ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI-
25 SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS
26 M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
27 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
28 EXEMPT FROM TAXATION
29 MORE THAN (M) BUT
30 LESS THAN (M+ $2,000) 45 PER CENTUM
31 (M+ $2,000 OR MORE) BUT
32 LESS THAN (M+ $4,000) 40 PER CENTUM
33 (M+ $4,000 OR MORE) BUT
34 LESS THAN (M+ $6,000) 35 PER CENTUM
35 (M+ $6,000 OR MORE) BUT
36 LESS THAN (M+ $7,800) 30 PER CENTUM
37 (M+ $7,800 OR MORE) BUT
38 LESS THAN (M+ $9,600) 25 PER CENTUM
39 (M+ $9,600 OR MORE) BUT
40 LESS THAN (M+ $11,400) 20 PER CENTUM
41 (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
42 AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE
43 OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE
44 THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS
45 PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE-
46 INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR-
47 AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
48 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
49 EXEMPT FROM TAXATION
50 (M+ $11,400 OR MORE) BUT
A. 3740 5
1 LESS THAN (M+ $13,200) 15 PER CENTUM
2 (M+ $13,200 OR MORE) BUT
3 LESS THAN (M+ $15,000) 10 PER CENTUM
4 (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR-
5 AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW,
6 ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO
7 INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO-
8 RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN
9 THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH
10 SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE:
11 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
12 EXEMPT FROM TAXATION
13 (M+ $15,000 OR MORE) BUT
14 LESS THAN (M+ $16,800) 5 PER CENTUM
15 S 2. This act shall take effect immediately.