This bill has been amended

Bill S3585-2013

Increases maximum income eligibility levels for real property tax exemptions for seniors

Increases maximum income eligibility levels for real property tax exemptions for seniors.

Details

Actions

  • Jun 21, 2013: COMMITTED TO RULES
  • May 6, 2013: ADVANCED TO THIRD READING
  • May 1, 2013: 2ND REPORT CAL.
  • Apr 30, 2013: 1ST REPORT CAL.458
  • Feb 7, 2013: REFERRED TO AGING

Meetings

Votes

VOTE: COMMITTEE VOTE: - Aging - Apr 30, 2013
Ayes (10): Golden, Felder, LaValle, Zeldin, Valesky, Adams, Diaz, Addabbo, Avella, Stavisky
Ayes W/R (1): Marchione

Memo

BILL NUMBER:S3585

TITLE OF BILL: An act to amend the real property tax law, in relation to increasing maximum income eligibility levels for real property tax exemptions for seniors

PURPOSE: To gradually increase the income levels for the senior citizen partial real property tax exemption that may be enacted by local governments over a five year period.

SUMMARY OF PROVISIONS:

Section one amends Real Property Tax Law section 467 to increase the income eligibility levels for the partial real property tax exemption that local governments may provide to property owners who are at least 65 years old.

The exemption, which ranges from 45% to 5%, uses a sliding scale based on the property owner's income to determine the exemption amount.

For years beginning before July 1, 2014, the maximum exemption of 45% would be available to property owners with an income that is less than the maximum income level for the locality plus $1,000. The minimum exemption of 5% would be available to property owners with an income that is less than the maximum income level for the locality plus $8,400.

For years beginning on and after July 1, 2014 and before July 1, 2015, the maximum exemption of 45% would be available to property owners with an income that is less than the maximum income level for the locality plus $1,250. The minimum exemption of 5% would be available to property owners with an income . that is less than the maximum income level for the locality plus $10,500.

For years beginning on and after July 1, 2015 and before July 1, 2016, the maximum exemption of 45% would be available to property owners with an income that is less than the maximum income level for the locality plus $1,500. The minimum exemption of 5% would be available to property owners with an income that is less than the maximum income level for the locality plus $12,600.

For years beginning on and after July 1, 2016 and before July 1, 2017, the maximum exemption of 45% would be available to property owners with an income that is less than the maximum income level for the locality plus $1,750. The minimum exemption of 5% would be available to property owners with an income that is less than the maximum income level for the locality plus $14,700.

For years beginning on and after July 1, 2017, the maximum exemption of 450 would be available to property owners with an income that is less than the maximum income level for the locality plus $2,000. The minimum exemption of 5% would be available to property owners with an income

that is less than the maximum income level for the locality plus $16,800.

Section three provides that this act shall take effect immediately.

EXISTING LAW: Real Property Tax Law section 467 currently authorizes local governments to provide a partial real property tax exemption to property owners who are at least 65 years of age.

JUSTIFICATION: Local governments have the option to provide a partial real property tax exemption to senior citizens based upon their income. The maximum income threshold for the 5% partial exemption, which was enacted in 1995, has never been increased. The maximum income thresholds for the remaining partial exemptions have not been increased since 1994. This bill would allow local governments to increase the maximum income thresholds so that more senior citizens could receive increased relief from their local real property taxes.

LEGISLATIVE HISTORY: 2011-2: S.2212A - Passed Senate both years 200910: S-2022 - Referred to Aging both years 2007-8: S2818-A - Passed Senate both years A.3740 of 2012 - Referred to Aging

FISCAL IMPLICATIONS: None

EFFECTIVE DATE: This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 3585 2013-2014 Regular Sessions IN SENATE February 7, 2013 ___________
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 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: Section 1. Subparagraph 1 of paragraph (b) of subdivision 1 of section 467 of the real property tax law, as amended by chapter 261 of the laws of 1994, is amended to read as follows: (1) [Any] PRIOR TO JULY FIRST, TWO THOUSAND FOURTEEN, ANY local law, ordinance or resolution adopted pursuant to paragraph (a) of this subdi- vision may be amended, or a local law, ordinance or resolution may be adopted, to provide an exemption so as to increase the maximum income eligibility level of such municipal corporation as provided in subdivi- sion three of this section (represented in the hereinbelow schedule as M), to the extent provided in the following schedule: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION More than (M) but less than (M+ $1,000) 45 per centum (M+ $1,000 or more) but less than (M+ $2,000) 40 per centum (M+ $2,000 or more) but less than (M+ $3,000) 35 per centum (M+ $3,000 or more) but less than (M+ $3,900) 30 per centum (M+ $3,900 or more) but
less than (M+ $4,800) 25 per centum (M+ $4,800 or more) but less than (M+ $5,700) 20 per centum S 2. Paragraphs (c) and (d) of subdivision 1 of section 467 of the real property tax law are relettered paragraphs (g) and (h) and four new paragraphs (c), (d), (e) and (f) are added to read as follows: (C) ON AND AFTER JULY FIRST, TWO THOUSAND FOURTEEN AND BEFORE JULY FIRST, TWO THOUSAND FIFTEEN, (1) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDIVISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION MORE THAN (M) BUT LESS THAN (M+ $1,250) 45 PER CENTUM (M+ $1,250 OR MORE) BUT LESS THAN (M+ $2,500) 40 PER CENTUM (M+ $2,500 OR MORE) BUT LESS THAN (M+ $3,750) 35 PER CENTUM (M+ $3,750 OR MORE) BUT LESS THAN (M+ $4,875) 30 PER CENTUM (M+ $4,875 OR MORE) BUT LESS THAN (M+ $6,000) 25 PER CENTUM (M+ $6,000 OR MORE) BUT LESS THAN (M+ $7,125) 20 PER CENTUM (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR- AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE- INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR- AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION (M+ $7,125 OR MORE) BUT LESS THAN (M+ $8,250) 15 PER CENTUM (M+ $8,250 OR MORE) BUT LESS THAN (M+ $9,375) 10 PER CENTUM (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR- AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO- RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION
(M+ $9,375 OR MORE) BUT LESS THAN (M+ $10,500) 5 PER CENTUM (D) ON AND AFTER JULY FIRST, TWO THOUSAND FIFTEEN AND BEFORE JULY FIRST, TWO THOUSAND SIXTEEN, (1) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDIVISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION MORE THAN (M) BUT 45 PER CENTUM LESS THAN (M+ $1,500) (M+ $1,500 OR MORE) BUT 40 PER CENTUM LESS THAN (M+ $3,000) (M+ $3,000 OR MORE) BUT LESS THAN (M+ $4,500) 35 PER CENTUM (M+ $4,500 OR MORE) BUT LESS THAN (M+ $5,850) 30 PER CENTUM (M+ $5,850 OR MORE) BUT LESS THAN (M+ $7,200) 25 PER CENTUM (M+ $7,200 OR MORE) BUT LESS THAN (M+ $8,550) 20 PER CENTUM (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR- AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE- INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR- AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION (M+ $8,550 OR MORE) BUT LESS THAN (M+ $9,900) 15 PER CENTUM (M+ $9,900 OR MORE) BUT LESS THAN (M+ $11,250) 10 PER CENTUM (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR- AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO- RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION (M+ $11,250 OR MORE) BUT LESS THAN (M+ $12,600) 5 PER CENTUM (E) ON AND AFTER JULY FIRST, TWO THOUSAND SIXTEEN AND BEFORE JULY FIRST, TWO THOUSAND SEVENTEEN, (1) ANY LOCAL LAW, ORDINANCE OR RESOL-
UTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS SUBDIVISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION MORE THAN (M) BUT LESS THAN (M+ $1,750) 45 PER CENTUM (M+ $1,750 OR MORE) BUT LESS THAN (M+ $3,500) 40 PER CENTUM (M+ $3,500 OR MORE) BUT LESS THAN (M+ $5,250) 35 PER CENTUM (M+ $5,250 OR MORE) BUT LESS THAN (M+ $6,825) 30 PER CENTUM (M+ $6,825 OR MORE) BUT LESS THAN (M+ $8,400) 25 PER CENTUM (M+ $8,400 OR MORE) BUT LESS THAN (M+ $9,975) 20 PER CENTUM (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR- AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE- INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR- AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION (M+ $9,975 OR MORE) BUT LESS THAN (M+ $11,550) 15 PER CENTUM (M+ $11,550 OR MORE) BUT LESS THAN (M+ $13,125) 10 PER CENTUM (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR- AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO- RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION (M+ $13,125 OR MORE) BUT LESS THAN (M+ $14,700) 5 PER CENTUM (F) ON AND AFTER JULY FIRST, TWO THOUSAND SEVENTEEN, (1) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF THIS
SUBDIVISION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVI- SION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M), TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION MORE THAN (M) BUT LESS THAN (M+ $2,000) 45 PER CENTUM (M+ $2,000 OR MORE) BUT LESS THAN (M+ $4,000) 40 PER CENTUM (M+ $4,000 OR MORE) BUT LESS THAN (M+ $6,000) 35 PER CENTUM (M+ $6,000 OR MORE) BUT LESS THAN (M+ $7,800) 30 PER CENTUM (M+ $7,800 OR MORE) BUT LESS THAN (M+ $9,600) 25 PER CENTUM (M+ $9,600 OR MORE) BUT LESS THAN (M+ $11,400) 20 PER CENTUM (2) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR- AGRAPH ONE OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPORATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HERE- INBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPAR- AGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION (M+ $11,400 OR MORE) BUT LESS THAN (M+ $13,200) 15 PER CENTUM (M+ $13,200 OR MORE) BUT LESS THAN (M+ $15,000) 10 PER CENTUM (3) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO SUBPAR- AGRAPHS ONE AND TWO OF THIS PARAGRAPH MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION SO AS TO INCREASE THE MAXIMUM INCOME ELIGIBILITY LEVEL OF SUCH MUNICIPAL CORPO- RATION AS PROVIDED IN SUBDIVISION THREE OF THIS SECTION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M), AND AS INCREASED AS PROVIDED FOR IN SUCH SUBPARAGRAPH ONE TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE ASSESSED VALUATION EXEMPT FROM TAXATION (M+ $15,000 OR MORE) BUT LESS THAN (M+ $16,800) 5 PER CENTUM S 3. This act shall take effect immediately.

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