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NY S05421

Bill

Official Source

Status

Introduced

3/3/2023

Primary Sponsor

Anthony Palumbo

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Origin

Senate

2023-2024 General Assembly

AI Summary

  • Raises the income cap for senior citizens applying for the enhanced STAR property tax exemption to $120,000
  • Applies to final assessment rolls completed in 2024, based on income from the tax year immediately preceding the application date
  • Takes effect immediately and applies to all tax years commencing on or after the enactment date
  • Amends the Real Property Tax Law, Section 425, subdivision 4, paragraph (b), subparagraph (i)

Legislative Description

Relates to raising the income cap for senior citizens applying for the enhanced STAR property tax exemption to $120,000.

Last Action

PRINT NUMBER 5421A

3/11/2024

Committee Referrals

Aging3/3/2023

Full Bill Text

No bill text available