NY S03153

Expands eligibility for senior citizens' tax abatement to include persons with disabilities receiving Social Security Disability Insurance (SSDI), Supplemental Security Income (SSI), or medical assistance benefits based on disability determination.

Adds persons receiving disability pension or disability compensation benefits from the U.S. Department of Veterans Affairs as eligible for the tax abatement.

Sets income limits for tax abatement eligibility based on the specific disability benefit program: SSI and veterans' disability recipients must not exceed the maximum income threshold for receiving those respective federal benefits; SSDI and medical assistance recipients subject to existing income limits ($4,000-$29,000 depending on jurisdiction and year).

Allows income adjustment for individuals who retire before the income tax year to exclude salary/earnings and project retirement income over the full year.

Becomes effective 120 days after enactment, with provisions reverting to prior law as specified under existing statute regarding section 467-b.