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NY S01094

Bill

Official Source

Status

Introduced

1/9/2013

Primary Sponsor

George Maziarz

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Extends real property tax exemptions to property owned by siblings, in addition to property owned by husband and wife, when one owner is 65 years of age or older
  • Prohibits rescission of the tax exemption solely due to the death of the older sibling, provided the surviving sibling is at least 62 years of age
  • Amends two sections of the Real Property Tax Law: subdivision 4 of section 425 and subdivision 1 of section 467
  • Takes effect immediately upon enactment

Legislative Description

Provides for a real property tax exemption on real property owned by siblings, one of whom is over 65, once granted, shall not be rescinded solely because of the death of the older sibling as long as the surviving sibling owner is at least 62.

Last Action

REFERRED TO AGING

1/8/2014

Committee Referrals

Aging1/9/2013

Full Bill Text

No bill text available