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NY A03086
Bill
Status
1/22/2009
Primary Sponsor
Peter Abbate
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AI Summary
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Excludes veteran disability compensation, as defined in Title 38 of the United States Code, from income calculations for senior citizen real property tax exemptions.
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Allows municipalities to adopt local laws, ordinances, or resolutions to exclude veteran disability compensation from income determinations after holding a public hearing.
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Establishes income thresholds for senior citizen exemption eligibility ranging from $26,000 (effective July 1, 2006) to $29,000 (effective July 1, 2009), which municipalities may set within these limits.
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Takes effect immediately and applies to assessment rolls with a taxable status date on or after January 1 of the year following enactment.
Legislative Description
An act to amend the real property tax law, in relation to the senior citizen exemption and veteran disability compensation
Last Action
referred to veterans' affairs
1/6/2010