NY S03759

Authorizes municipal corporations and school districts in counties with populations between 1.49 and 1.5 million to establish tax exemption programs for senior citizens age 65 and over residing in manufactured homes, subject to public hearing and local law adoption.

Eligible seniors must meet income standards defined in Real Property Tax Law Section 425 and pay residential rent on the land where their manufactured home is located.

Tax exemption amount equals a proportional share of annual tax increases on the manufactured home park's common areas, calculated by multiplying the percentage of qualifying homes to total park lots by the overall annual tax increase.

Manufactured home park landlords must sign an accessory agreement requiring them to reduce tenant rent monthly by one-twelfth of the annual exemption, reimburse pro-rated exemptions if tenants move, and allow all qualifying tenants to participate.

Applicants must reapply annually before the taxable status date with a form prescribed by the Commissioner; willful false statements are punishable by up to a $100 fine and a five-year disqualification from exemptions, with the state reimbursing administering municipalities for program costs.