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NY A10411
Bill
Status
Introduced
5/24/2024
Primary Sponsor
Rodneyse Bichotte Hermelyn
Click for details
AI Summary
- Amends the real property tax law to change income requirements assessment for real property tax exemptions in cities with a population of one million or more
- Modifies four sections of the real property tax law (459-c, 467, 467-b, and 467-c) to allow use of "most recent" income tax year or years for which data is sufficiently available, instead of requiring only the year immediately preceding the application date
- Applies the income determination changes to senior citizen exemptions, disability exemptions, and other property tax relief programs
- Allows flexibility in selecting which tax year(s) to use when assessing adjusted gross income to determine exemption eligibility
- Takes effect immediately and is retroactive to May 3, 2023
Legislative Description
Relates to assessments for certain real property tax exemptions to include years where there is sufficient data to determine an applicant's eligibility for exemptions.
Last Action
substituted by s9785
6/5/2024
Committee Referrals
Rules6/5/2024
Ways and Means6/3/2024
Aging5/24/2024
Full Bill Text
No bill text available