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NY S02726
Bill
Status
1/31/2011
Primary Sponsor
Toby Stavisky
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AI Summary
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Expands the definition of "person with a disability" to include individuals receiving disability pension or disability compensation benefits from the United States Department of Veterans Affairs.
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Establishes separate income thresholds for disabled veterans receiving VA disability benefits, allowing eligibility based on the maximum income for VA disability benefits rather than Supplemental Security Income (SSI) limits.
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Allows income adjustment for disabled veterans who retire before the income tax year and application filing date by excluding salary or earnings and projecting retirement income over the entire tax year.
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Amends Real Property Tax Law sections 467-b and 467-c to create tax abatement eligibility criteria specific to disabled veterans receiving VA benefits on rental property.
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Takes effect immediately, with provisions subject to expiration and reversion under existing law.
Legislative Description
Authorizes a municipal corporation to allow disabled veterans who are not receiving public assistance, but who are entitled to the possession or to the use or occupancy of a dwelling unit, to be considered heads of households for purpose of eligibility for a tax abatement for rent regulated property.
Last Action
REFERRED TO AGING
1/4/2012