Loading chat...

NY S02888

Bill

Official Source

Status

Introduced

1/30/2015

Primary Sponsor

William Larkin

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Amends the real property tax law to expand eligibility for enhanced STAR exemptions to properties where at least one owner is 65 years of age or older
  • Changes the requirement from "all owners" to "at least one owner" being 65 or older, simplifying eligibility for multi-owner properties
  • Requires that the property must serve as the primary residence of the owner who meets the age requirement
  • Establishes eligibility determination based on age as of December 31, 2000 for the 2002-2001 school year, with the applicable date advancing by one year for each subsequent school year
  • Takes effect 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

REFERRED TO AGING

1/6/2016

Committee Referrals

Aging1/30/2015

Full Bill Text

No bill text available