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NY S04993

Bill

Official Source

Status

Introduced

3/3/2017

Primary Sponsor

William Larkin

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Amends Real Property Tax Law Section 425 to change the enhanced STAR (School Tax Relief) exemption eligibility requirement from "all owners" to "at least one owner" being 65 years of age or older
  • Removes the previous exception that allowed one owner to be 65+ in cases of property owned by husband and wife or siblings, making the "at least one" standard universal
  • Requires that the property serve as the primary residence of the owner who is 65 years or older
  • For the 2000-2001 school year, eligibility is based on age as of December 31, 2000, 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

1/3/2018

Committee Referrals

Aging3/3/2017

Full Bill Text

No bill text available