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NY A07077
Bill
Status
3/20/2025
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Authorizes local governments to amend existing laws or adopt new ordinances allowing senior property tax exemptions to exclude disability pension or benefit income when calculating eligibility
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Permits localities to exclude between $3,000 and $15,000 of disability pension or benefit income from the income threshold calculations for property owners 65 years of age or older
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Applies to the Senior Citizens Exemption program under Real Property Tax Law Section 467, which provides partial property tax relief based on income limits
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Takes effect January 1 following enactment and applies to assessment rolls prepared on or after that date
Legislative Description
Allows localities the option to exclude income from any disability pension or benefit in computation of income for purposes of determining eligibility for the partial real property tax exemption granted to persons 65 years of age or over.
Last Action
referred to real property taxation
1/7/2026