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NY S04679
Bill
Status
4/14/2011
Primary Sponsor
John Flanagan
Click for details
AI Summary
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Amends Real Property Tax Law Section 467 to expand the 50% real property tax exemption to include persons who are totally and permanently disabled, in addition to those 65 years of age or older
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Allows real property owned by husband and wife or siblings to qualify for exemption if at least one owner is either 65 years of age or over OR totally and permanently disabled
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Requires municipalities to adopt a local law, ordinance, or resolution specifying whether the exemption applies to persons 65 or older, those totally and permanently disabled, or both categories
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Takes effect January 1st of the year following enactment
Legislative Description
Provides that the current real property tax exemption for persons over 65 may also be extended to those persons who are totally and permanently disabled; provides that municipalities shall provide by local law that such shall be granted to either those 65 years of age or older or to those who are totally and permanently disabled, or to both categories of persons.
Last Action
REFERRED TO AGING
1/4/2012