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NY S00658
Bill
Status
1/5/2011
Primary Sponsor
David Valesky
Click for details
AI Summary
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Allows senior citizens who experienced a significant income decrease due to their spouse's death to use their income from the tax year immediately preceding their exemption application for STAR eligibility determination purposes.
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Permits the use of the more recent year's income as an alternative to the standard income calculation method for the enhanced exemption under Real Property Tax Law Section 425.
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Requires that the income tax return for the claimed year be filed with the appropriate state or federal agency, or other income documentation be submitted to the assessor, by April 30th.
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Takes effect immediately upon enactment.
Legislative Description
Permits senior citizens whose spouses are deceased to substitute a more recent income for purposes of determing eligibility for the enhanced school tax relief (STAR) exemption.
Last Action
REPORTED AND COMMITTED TO FINANCE
4/17/2012