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NY S02713
Bill
Status
Introduced
1/29/2019
Primary Sponsor
Timothy Kennedy
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AI Summary
- Caps real property taxes (including school taxes) for qualified seniors at the amount paid in the year the individual turns 65 years old
- Qualified seniors are defined as property owners who are at least 65 years of age and reside at the property for at least 274 days in any given year
- Tax limitation applies to all real property tax assessments occurring on or after the bill's effective date
- Bill takes effect immediately upon enactment
Legislative Description
Caps the amount of taxes a senior has to pay on his or her real property at the amount such individual paid in the year in which he or she turned 65; provides that the individual claiming the limitation must be the owner of the property and must reside in the property for at least seventy-five percent of the year.
Last Action
REFERRED TO AGING
1/8/2020
Committee Referrals
Aging1/29/2019
Full Bill Text
No bill text available