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NY S05108
Bill
Status
Introduced
2/23/2023
Primary Sponsor
Timothy Kennedy
Click for details
AI Summary
- Caps real property taxes (including school taxes) for qualified seniors at the amount paid in the year they turn 65 years old
- Defines a qualified senior as an individual who owns the subject property, resides there at least 274 days per year, and is at least 65 years old
- Applies to all real property tax assessments occurring on or after the bill's effective date
- Introduced by Senator Kennedy on February 23, 2023, and referred to the Committee on Local Government
Legislative Description
Caps the amount of taxes a senior has to pay on his or her real property at the amount such individual paid in the year in which he or she turned 65; provides that the individual claiming the limitation must be the owner of the property and must reside in the property for at least seventy-five percent of the year.
Last Action
RECOMMIT, ENACTING CLAUSE STRICKEN
5/6/2024
Committee Referrals
Local Government2/23/2023
Full Bill Text
No bill text available