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NY S06859

Bill

Official Source

Status

Introduced

3/30/2012

Primary Sponsor

William Larkin

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Amends Real Property Tax Law Section 425 to change the age requirement for enhanced STAR exemption eligibility from "all owners" to "at least one owner" being at least 65 years old
  • Property must still serve as the primary residence of the owner who meets the age requirement
  • Eligibility determination date for the 2001-2002 school year is December 31, 2000, with the applicable date advancing by one year for each subsequent school year
  • Removes previous language that specifically allowed one owner to qualify in cases of property owned by husband and wife or by siblings
  • Takes effect immediately upon enactment

Legislative Description

Allows a property owned by at least one owner who is at least 65 years old or older to be eligible for an enhanced STAR exemption.

Last Action

REFERRED TO AGING

3/30/2012

Committee Referrals

Aging3/30/2012

Full Bill Text

No bill text available