Loading chat...

NY S06976

Bill

Official Source

Status

Introduced

4/18/2012

Primary Sponsor

Timothy Kennedy

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Excludes veteran disability compensation, as defined in Title 38 of the United States Code, from income calculations used to determine senior citizen property tax exemption eligibility.

  • Allows municipalities to adopt a local law, ordinance, or resolution to implement this exclusion after conducting a public hearing.

  • Applies to assessment rolls with a taxable status date on or after January 1st of the year following enactment.

  • Takes effect immediately upon enactment.

Legislative Description

Exempts veteran disability payments from inclusion as income of persons sixty-five years of age or over to determine eligibility for a real property tax exemption.

Last Action

COMMITTED TO RULES

6/21/2012

Committee Referrals

Rules6/21/2012
Aging4/18/2012

Full Bill Text

No bill text available