NY S00710

Amends the real property tax law to create tiered income limits for tax abatements based on the type of disability benefits received by the head of household.

Sets income limit at $29,000 for households where the head qualifies as a person with disability due to receipt of Social Security Disability Insurance (SSDI) or medical assistance benefits based on disability determination.

Allows income limits for Supplemental Security Income (SSI) recipients and veterans receiving disability pension or compensation to align with the maximum income thresholds under federal law for those respective programs.

Permits municipalities to adopt new local laws to implement these tiered income limits, or continue using the existing $50,000 income threshold if already enacted.

Includes provision allowing adjustment of retirement income by excluding salary/earnings and projecting retirement income over the entire tax year for heads of household who retire before the tax year.