Assembly Bill A7533

2011-2012 Legislative Session

Authorizes school tax reductions for residents in certain communities

download bill text pdf

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Archive: Last Bill Status - In Assembly 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

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2011-A7533 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Add §1232, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A11230
2013-2014: A5784
2015-2016: A3820
2017-2018: A2309

2011-A7533 (ACTIVE) - Summary

Authorizes school tax reductions of 25% for residents in communities that restrict ownership to those fifty-five years of age and older.

2011-A7533 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7533

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              May 10, 2011
                               ___________

Introduced by M. of A. McKEVITT -- read once and referred to the Commit-
  tee on Ways and Means

AN  ACT  to  amend the tax law, in relation to school tax reductions for
  residents in communities that restrict ownership to  those  fifty-five
  years of age and older

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The tax law is amended by adding a new section 1232 to read
as follows:
  S 1232. SCHOOL TAX REDUCTION. IN  ANY  COMMUNITY  WHERE  ZONING  REGU-
LATIONS  RESTRICT  OWNERSHIP TO THOSE FIFTY-FIVE YEARS OF AGE AND OLDER,
SUCH RESIDENTS SHALL BE ELIGIBLE FOR A TWENTY-FIVE PERCENT REDUCTION  IN
SCHOOL TAXES UPON APPROVAL BY THE LOCAL TOWN OR VILLAGE.
  S  2.  This  act shall take effect on the thirtieth day after it shall
have become a law and shall apply to taxable years beginning on or after
January 1, 2012.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11086-01-1

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