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NY S01639
Bill
Status
1/13/2023
Primary Sponsor
James Tedisco
Click for details
AI Summary
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Establishes a new "Senior Citizens Total Exemption" for school taxes on properties owned by individuals aged 80 or older, effective for assessment rolls completed after January 1, 2024
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Doubles the income standard for enhanced STAR property tax deductions for assessment rolls completed after 2024 by calculating the exemption based on twice the previously-applicable income standard
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Allows married couples or siblings to qualify for the total exemption if at least one owner is 80 or older and the property serves as their primary residence
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Requires school district approval by resolution before granting school tax exemptions on properties where children attend public elementary or secondary schools, with provisions to verify children were not brought into the residence specifically for school attendance
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Takes effect immediately and applies to all assessment rolls completed on or after January 1, 2024
Legislative Description
Increases the enhanced STAR property tax deduction for tax for final assessment rolls to be completed after two thousand twenty-four; provides a total exemption from school taxes for certain persons eighty years of age and older.
Last Action
REFERRED TO AGING
1/3/2024