NY A00725

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 income changes following a spouse's death.

Permits seniors whose income decreases upon retirement to use the subsequent income tax year's income to determine enhanced exemption eligibility, if their income would then qualify them.

Requires that income tax returns or other income documentation be filed with the assessor on or before the applicable taxable status date to support the eligibility determination.

Takes effect immediately and applies to school years commencing on or after January 1st following the date the act becomes law.