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NY S04152

Bill

Official Source

Status

Introduced

3/3/2015

Primary Sponsor

Kenneth LaValle

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Allows senior citizens who purchase property after the tax levy to apply for enhanced school tax relief exemption within 30 days of title transfer
  • Assessor must determine within 30 days whether the property would have qualified for exemption if the applicant had owned it on the taxable status date
  • Assessor must notify applicant and Board of Assessment Review of exempt amount, with applicant able to file a written complaint within 20 days
  • Board of Assessment Review must schedule a hearing within 30 days if complaint is filed and determine final exempt amount
  • Takes effect immediately and applies to real property transferred to qualified senior citizens after taxable status dates occurring on or after the effective date

Legislative Description

Provides that where a person who meets the requirements for an enhanced exemption for property owned by senior citizens purchases real property after the levy of taxes, such person may file an application for exemption to the assessor within thirty days of the transfer of title to such person for such exemption.

Last Action

REFERRED TO AGING

1/6/2016

Committee Referrals

Aging1/6/2016
Finance4/28/2015
Aging3/3/2015

Full Bill Text

No bill text available