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NY A05784

Bill

Official Source

Status

Introduced

3/6/2013

Primary Sponsor

Edward Ra

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Adds new section 1232 to New York tax law authorizing a 25 percent reduction in school taxes for residents of age-restricted communities (55 years and older)
  • Tax reduction requires approval by the local town or village government
  • Applies to taxable years beginning on or after January 1, 2013
  • Takes effect 30 days after enactment into law

Legislative Description

Authorizes school tax reductions of 25% for residents in communities that restrict ownership to those fifty-five years of age and older.

Last Action

held for consideration in ways and means

6/17/2014

Committee Referrals

Ways and Means3/6/2013

Full Bill Text

No bill text available