NY S09774

Raises the income eligibility threshold for senior citizens (age 62+) seeking property tax abatements from $50,000 to $75,000, effective July 1, 2024.

Raises the income eligibility threshold for disabled residents seeking property tax abatements from $50,000 to $75,000, effective July 1, 2024.

Allows municipalities to set their own income limits through local law, ordinance, or resolution, up to the new $75,000 maximum threshold.

Updates gender-specific language in the statute from "his or her" to "such individual's" for inclusive language.

Takes effect immediately upon enactment.