Assembly Bill A2052

2017-2018 Legislative Session

Allows real property tax freeze for real property owned by taxpayers sixty-five or over

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2017-A2052 (ACTIVE) - Details

Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Tax Law
Laws Affected:
Add §467-k, amd §467, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5334
2011-2012: A5526
2013-2014: A5585
2015-2016: A3979
2019-2020: A2042
2021-2022: A8484

2017-A2052 (ACTIVE) - Summary

Allows a freeze to be placed upon real property taxes assessed against persons 65 years of age or older having earnings of not more than $32,000 and who have held title to the property for at least two years prior to making an application; requires county to provide notification of those provisions; requires each governing board of any municipal corporation to notify each person owning residential property.

2017-A2052 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2052
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 17, 2017
                                ___________
 
 Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
   Committee on Real Property Taxation
 
 AN ACT to amend the real property tax law, in  relation  to  allowing  a
   real property tax freeze for property owned by certain persons over 65
   years of age
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The real property tax  law  is  amended  by  adding  a  new
 section 467-k to read as follows:
   §  467-K. REAL PROPERTY TAX FREEZE FOR CERTAIN PERSONS OVER SIXTY-FIVE
 YEARS OF AGE. 1. REAL PROPERTY OWNED BY ONE OR  MORE  PERSONS,  EACH  OF
 WHOM  IS  SIXTY-FIVE  YEARS  OF  AGE  OR OVER, OR REAL PROPERTY OWNED BY
 HUSBAND AND WIFE, ONE OF WHOM IS SIXTY-FIVE YEARS OF AGE OR OVER, MAY BE
 SUBJECT TO A TAXATION FREEZE PROVIDED THE GOVERNING BOARD OF ANY MUNICI-
 PAL CORPORATION IN WHICH THE REAL PROPERTY  IS  LOCATED    AFTER  PUBLIC
 HEARING, ADOPTS A LOCAL LAW, ORDINANCE OR RESOLUTION PROVIDING THAT REAL
 PROPERTY TAXES FOR SUCH PROPERTY BE FROZEN AT THE AMOUNTS PAYABLE AT THE
 TIME SUCH APPLICATION FOR FREEZE IS MADE.
   2. NO FREEZE SHALL BE GRANTED:
   (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 THE FREEZE EXCEEDS THE SUM OF THIRTY-TWO THOUSAND
 DOLLARS. 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.
 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 CAPI-
 TAL ASSET IN THE SAME INCOME TAX YEAR,  NET  RENTAL  INCOME,  SALARY  OR
 EARNINGS,  AND  NET INCOME FROM SELF-EMPLOYMENT, BUT SHALL NOT INCLUDE A
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.