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NY A09948
Bill
Status
4/26/2024
Primary Sponsor
Christopher Eachus
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AI Summary
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Expands eligibility for the 50% real property tax exemption under section 459-c to include persons with disabilities whose primary residence is in a special needs trust.
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Extends exemption eligibility to property owners who have a tenant with a disability holding a life interest lease in the property for as long as the tenant remains in residence.
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Maintains existing exemption provisions for property owned by persons with disabilities, married couples, or siblings where at least one has a disability.
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Exemption applies to payments in lieu of taxes (PILOT) to the Battery City Park Authority and taxation by municipal corporations, counties, cities, towns, villages, and school districts.
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Takes effect immediately upon enactment.
Legislative Description
Adds a person with a disability who has their primary residence in a special needs trust, or a property owner who has a tenant with a disability whose lease provides them with a life interest in the property as long as the tenant remains in residence as eligible for a real property tax exemption pursuant to section 459-c of the real property tax law.
Last Action
substituted by s8903
6/6/2024