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NY S00275

Bill

Official Source

Status

Introduced

1/9/2013

Primary Sponsor

William Larkin

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends the real property tax law to expand eligibility for enhanced STAR (School Tax Relief) exemptions to properties where at least one owner is at least 65 years old
  • Previously required all owners to meet the age requirement, or in cases of husband-wife or sibling ownership, only one owner needed to be 65 or older
  • Simplifies the rule to allow any property with at least one owner age 65 or older to qualify, provided the property serves as the primary residence of that owner
  • Effective 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

REPORTED AND COMMITTED TO FINANCE

5/20/2014

Committee Referrals

Finance5/20/2014
Aging1/8/2014
Finance5/21/2013
Aging1/9/2013

Full Bill Text

No bill text available