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NY A01700
Bill
Status
1/11/2021
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Amends Real Property Tax Law Section 467 to allow local laws or ordinances to exclude disability pension or benefit income when determining eligibility for partial real property tax exemptions for individuals 65 years of age or over.
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Permits exclusion of disability pension or benefits income earned in the tax year immediately preceding the application date, in amounts ranging from $3,000 to $15,000 as determined by local law, ordinance, or resolution.
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Takes effect on January 1st following enactment and applies to assessment rolls prepared on the basis of taxable status dates occurring on or after that date.
Legislative Description
Allows localities the option to exclude income from any disability pension or benefit in computation of income for purposes of determining eligibility for the partial real property tax exemption granted to persons 65 years of age or over.
Last Action
referred to real property taxation
1/5/2022