NY S09146

Increases the maximum allowable income threshold for tax abatement eligibility in counties with populations between one million and one million four hundred thousand (as of the last decennial census) from existing levels to fifty thousand dollars, effective July 1, 2019.

Applies the new fifty thousand dollar income limit to section 467 (senior citizen homeowner exemption) and section 459-c (disabled person exemption) of the real property tax law.

Maintains existing income definitions including social security benefits, retirement benefits, interest, dividends, rental income, and self-employment income, while excluding gifts, inheritances, reverse mortgage proceeds, and veterans disability compensation.

Takes effect immediately and applies to exemption applications for county fiscal years commencing in 2019 and thereafter, with applications received in fiscal year 2019 considered timely if filed within one hundred twenty days of the implementing local law's effective date.