Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 07, 2012 |
referred to real property taxation delivered to assembly passed senate |
Apr 19, 2012 |
advanced to third reading |
Apr 18, 2012 |
2nd report cal. |
Apr 17, 2012 |
1st report cal.492 |
Jan 04, 2012 |
referred to aging returned to senate died in assembly |
May 03, 2011 |
referred to real property taxation delivered to assembly passed senate |
Jan 31, 2011 |
advanced to third reading |
Jan 25, 2011 |
2nd report cal. |
Jan 24, 2011 |
1st report cal.8 |
Jan 05, 2011 |
referred to aging |
Senate Bill S638
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
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
Actions
Votes
co-Sponsors
(R, C, IP) Senate District
2011-S638 (ACTIVE) - Details
2011-S638 (ACTIVE) - Sponsor Memo
BILL NUMBER:S638 TITLE OF BILL: An act to amend the real property tax law, in relation to assessment exemptions for living quarters for a parent or grandparent SUMMARY OF PROVISIONS: Amends subdivisions one and three of section 469 of the real property tax law, and adds a new subdivision 5-a, to add seniors and the disabled as eligible for the property tax exemptions provided under this section for prohibiting an assessment increase for housing a parent or grandparent. JUSTIFICATION: This legislation allows owners of residential property which is their principle place of residence to make changes in order to rent or house a senior or a disabled person without experiencing an increase in assessment. Allowing seniors and persons with disabilities to reside with family saves significant amounts of money that would be passed on to taxpayers if these individuals had to move into State subsidized facilities.
2011-S638 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 638 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ 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 assessment exemptions for living quarters for a parent or grandparent THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 1 and 3 of section 469 of the real property tax law, as added by chapter 377 of the laws of 2000, are amended to read as follows: 1. A county, city, town, village or school district acting through its local legislative body is hereby authorized and empowered to adopt and amend local laws, or resolutions in the case of school districts, to provide for an exemption from taxation to the extent of any increase in assessed value of residential property resulting from the construction or reconstruction of such property for the purpose of providing living quarters for a parent or grandparent, who is sixty-two years of age or older, OR ANOTHER ELIGIBLE PERSON, AS DEFINED IN SUBDIVISION FIVE-A OF THIS SECTION. Such exemption shall not exceed (a) the increase in assessed value resulting from construction or reconstruction of such property, or (b) twenty percent of the total assessed value of such property as improved, or (c) twenty percent of the median sale price of residential property as reported in the most recent sales statistical summary published by the state board for the county in which the proper- ty is located, whichever is less. 3. Such exemption shall be applicable only to construction or recon- struction which occurred subsequent to the effective date of this section and shall only apply during taxable years during which at least one such parent [or], grandparent OR ELIGIBLE PERSON maintains a primary place of residence in such living quarters. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00991-01-1
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