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NY A05353

Bill

Official Source

Status

Introduced

2/12/2021

Primary Sponsor

Jarett Gandolfo

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends Real Property Tax Law Section 425 to raise the income cap for senior citizens applying for the enhanced STAR property tax exemption to $100,000
  • Applies the new income standard to final assessment rolls completed in 2022
  • Eligibility determination based on income from the tax year immediately preceding the exemption application
  • Takes effect immediately upon enactment and applies to all tax years commencing when the law becomes effective

Legislative Description

Relates to raising the income cap for senior citizens applying for the enhanced STAR property tax exemption.

Last Action

held for consideration in real property taxation

5/10/2022

Committee Referrals

Real Property Taxation2/12/2021

Full Bill Text

No bill text available