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NY S05222
Bill
Status
6/13/2017
Primary Sponsor
Toby Stavisky
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AI Summary
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Amends real property tax law to establish a separate income limit for disabled veterans receiving disability pension or compensation benefits from the U.S. Department of Veterans Affairs, set at the maximum income threshold for federal disability benefits eligibility rather than the standard $50,000 limit.
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Allows disabled veterans' household income to be adjusted by excluding salary or earnings and projecting retirement income over the full tax year when the head of household retires before the tax year begins and before filing the abatement application.
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Updates the definition of "person with a disability" in real property tax law to include individuals receiving disability pension or compensation from the Department of Veterans Affairs, with income limits tied to federal disability benefit thresholds.
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Applies these provisions to multiple sections of the real property tax law with staggered effective dates, ensuring amendments align with existing expiration and reversion dates of prior legislation from 2005 and 2014.
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Takes effect immediately upon enactment with provisions for future expiration and reversion in accordance with prior legislative timelines.
Legislative Description
Authorizes a municipal corporation to allow disabled veterans who are not receiving public assistance, but who are entitled to the possession or to the use or occupancy of a dwelling unit, to be considered heads of households for purpose of eligibility for a tax abatement for rent regulated property.
Last Action
REFERRED TO AGING
1/3/2018