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NY S02167
Bill
Status
1/14/2013
Primary Sponsor
David Valesky
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AI Summary
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Amends Real Property Tax Law Section 425 to allow senior citizens whose spouses have died to use the prior tax year's income when applying for the enhanced exemption for school tax relief if they experienced a significant income decrease due to the spouse's death
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Permits substitution of more recent income for eligibility determination purposes, deviating from standard income calculation rules
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Requires the prior year's income tax return to be filed with state or federal tax agencies, or alternative income documentation to be submitted to the local assessor, by April 30th for this option to apply
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Takes effect immediately upon enactment
Legislative Description
Permits senior citizens whose spouses are deceased to substitute a more recent income for purposes of determing eligibility for the enhanced school tax relief (STAR) exemption.
Last Action
REPORTED AND COMMITTED TO FINANCE
3/25/2014