Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 19, 2016 |
print number 4660a |
Jan 19, 2016 |
amend and recommit to aging |
Jan 06, 2016 |
referred to aging |
Apr 01, 2015 |
referred to aging |
Senate Bill S4660A
2015-2016 Legislative Session
Sponsored By
(R, C, IP, RFM) 24th Senate District
Archive: Last Bill Status - In Senate Committee Aging Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2015-S4660 - Details
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S4365
2013-2014: S3595
2015-S4660 - Sponsor Memo
BILL NUMBER:S4660 TITLE OF BILL: An act to amend the real property tax law, in relation to providing an additional real property tax exemption for certain senior citizens PURPOSE: The purpose of this bill is to provide relief from the burden of increasing seal property taxes (RPT) for certain income eligible elderly individuals. SUMMARY OF PROVISIONS: This bill would offer local governments the option to provide older New Yorkers who are homeowners with low-incomes a greater level of RPT relief than can presently be offered through the existing structure of the Senior Citizen RPT Exemption Program. Local governments would be granted the option to offer senior citizens with incomes of $22,000 or less a sixty percent RPT exemption. In addition, local governments would also be authorized to expand the sliding scale portion of the program by offering seniors citizens who have incomes of $23,000 an exemption of fifty-five percent. Currently, local governments can only exempt eligible senior citizens
2015-S4660 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4660 2015-2016 Regular Sessions I N S E N A T E April 1, 2015 ___________ Introduced by Sen. LANZA -- 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 providing an additional real property tax exemption for certain senior citizens THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 467 of the real property tax law is amended by adding a new subdivision 1-a to read as follows: 1-A. (A) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF SUBDIVISION ONE OF THIS SECTION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION TO THE EXTENT OF SIXTY PERCENT OF THE ASSESSED VALUATION OF REAL PROPERTY IF THE INCOME OF THE OWNER OR THE COMBINED INCOME OF THE OWNERS OF THE PROPERTY FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF MAKING APPLICATION FOR AN EXEMPTION EXCEEDS THE SUM OF THREE THOUSAND DOLLARS, OR SUCH OTHER SUM NOT LESS THAN THREE THOUSAND DOLLARS BUT NOT MORE THAN TWENTY-TWO THOUSAND DOLLARS, WHILE SATISFYING ALL OTHER ELIGIBILITY CRITERIA ESTABLISHED PURSUANT TO THIS SECTION. NO OWNER OR OWNERS OF PROPERTY ELIGIBLE FOR A REDUCTION IN THE ASSESSED VALUATION PURSUANT TO THIS SUBDIVISION SHALL BE ELIGIBLE FOR A FURTHER EXEMPTION PURSUANT TO THIS SECTION. (B) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARA- GRAPH (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 THIS SUBDIVISION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M) TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: ANNUAL INCOME PERCENTAGE OF ASSESSED VALUATION EXEMPT FROM TAXATION EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01129-01-5
2015-S4660A (ACTIVE) - Details
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §467, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S4365
2013-2014: S3595
2015-S4660A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4660A TITLE OF BILL : An act to amend the real property tax law, in relation to providing an additional real property tax exemption for certain senior citizens PURPOSE : The purpose of this bill is to provide relief from the burden of increasing seal property taxes (RPT) for certain income eligible elderly individuals. SUMMARY OF PROVISIONS : This bill would offer local governments the option to provide older New Yorkers who are homeowners with low-incomes a greater level of RPT relief than can presently be offered through the existing structure of the Senior Citizen RPT Exemption Program. Local governments would be granted the option to offer senior citizens with incomes of $22,000 or less a sixty percent RPT exemption. In addition, local governments would also be authorized to expand the sliding scale portion of the program by offering seniors citizens who have incomes of $23,000 an exemption of fifty-five percent. Currently, local governments can only exempt eligible senior citizens who have incomes of $24,000 or less from paying fifty-percent of their
2015-S4660A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4660--A 2015-2016 Regular Sessions I N S E N A T E April 1, 2015 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Aging -- recommitted to the Committee on Aging in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to providing an additional real property tax exemption for certain senior citizens THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 467 of the real property tax law is amended by adding a new subdivision 1-a to read as follows: 1-A. (A) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARAGRAPH (A) OF SUBDIVISION ONE OF THIS SECTION MAY BE AMENDED, OR A LOCAL LAW, ORDINANCE OR RESOLUTION MAY BE ADOPTED, TO PROVIDE AN EXEMPTION TO THE EXTENT OF SIXTY PERCENT OF THE ASSESSED VALUATION OF REAL PROPERTY IF THE INCOME OF THE OWNER OR THE COMBINED INCOME OF THE OWNERS OF THE PROPERTY FOR THE INCOME TAX YEAR IMMEDIATELY PRECEDING THE DATE OF MAKING APPLICATION FOR AN EXEMPTION EXCEEDS THE SUM OF THREE THOUSAND DOLLARS, OR SUCH OTHER SUM NOT LESS THAN THREE THOUSAND DOLLARS BUT NOT MORE THAN TWENTY-TWO THOUSAND DOLLARS, WHILE SATISFYING ALL OTHER ELIGIBILITY CRITERIA ESTABLISHED PURSUANT TO THIS SECTION. NO OWNER OR OWNERS OF PROPERTY ELIGIBLE FOR A REDUCTION IN THE ASSESSED VALUATION PURSUANT TO THIS SUBDIVISION SHALL BE ELIGIBLE FOR A FURTHER EXEMPTION PURSUANT TO THIS SECTION. (B) ANY LOCAL LAW, ORDINANCE OR RESOLUTION ADOPTED PURSUANT TO PARA- GRAPH (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 THIS SUBDIVISION (REPRESENTED IN THE HEREINBELOW SCHEDULE AS M) TO THE EXTENT PROVIDED IN THE FOLLOWING SCHEDULE: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01129-03-6
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