Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 12, 2017 |
signed chap.279 |
Aug 31, 2017 |
delivered to governor |
Jun 20, 2017 |
returned to assembly passed senate 3rd reading cal.1101 substituted for s4732 |
May 09, 2017 |
referred to aging delivered to senate passed assembly |
May 04, 2017 |
advanced to third reading cal.266 |
May 02, 2017 |
reported |
Feb 13, 2017 |
reported referred to ways and means |
Jan 12, 2017 |
referred to aging |
Assembly Bill A1603
Signed By Governor2017-2018 Legislative Session
Sponsored By
SKOUFIS
Archive: Last Bill Status - Signed by Governor
- 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
Andrew Raia
Frank Skartados
Michael DenDekker
John T. McDonald III
multi-Sponsors
Clifford Crouch
Jose Rivera
Jo Anne Simon
Fred Thiele
2017-A1603 (ACTIVE) - Details
2017-A1603 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1603 2017-2018 Regular Sessions I N A S S E M B L Y January 12, 2017 ___________ Introduced by M. of A. SKOUFIS, SALADINO, RAIA, SKARTADOS -- Multi-Spon- sored by -- M. of A. CROUCH, RIVERA, SIMON, THIELE -- read once and referred to the Committee on Aging AN ACT to amend the real property tax law, in relation to excluding annuity roll-over transfers from taxable income for seniors THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 3 of section 467 of the real property tax law, as amended by chapter 259 of the laws of 2009, is amended to read as follows: (a) 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 exemption exceeds the sum of three thousand dollars, or such other sum not less than three thousand dollars nor more than twenty-six thousand dollars beginning July first, two thousand six, twenty-seven thousand dollars beginning July first, two thousand seven, twenty-eight thousand dollars beginning July first, two thousand eight, and twenty-nine thousand dollars beginning July first, two thousand nine, as may be provided by the local law, ordinance or resolution adopted pursuant to this section. Income tax year shall mean the twelve month period for which the owner or owners filed a federal personal income tax return, or if no such return is filed, the calendar year. Where title is vested in either the husband or the wife, their combined income may not exceed such sum, except where the husband or wife, or ex-husband or ex-wife is absent from the property as provided in subpar- agraph (ii) of paragraph (d) of this subdivision, then only the income of the spouse or ex-spouse residing on the property shall be considered and may not exceed such sum. Such income shall include social security and retirement benefits, interest, dividends, total gain from the sale or exchange of a capital asset which may be offset by a loss from the sale or exchange of a capital asset in the same income tax year, net EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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