NY S03367

Amends the real property tax law to allow senior citizens to qualify for enhanced STAR (School Tax Relief) exemptions based on income from the year following retirement, in addition to the existing provision for spouse's death.

Permits seniors experiencing an income decrease upon retirement to use the subsequent income tax year for eligibility determination if it would qualify them for the enhanced exemption.

Requires the applicable income tax return to be filed with the state or federal agency and a copy submitted to the assessor on or before the applicable taxable status date, or alternative income documentation to be filed by that deadline.

Takes effect immediately upon enactment and applies to school years commencing on or after January 1 of the year following the law's enactment.