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NY S01764
Bill
Status
1/13/2025
Primary Sponsor
Nathalia Fernandez
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AI Summary
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Raises the maximum income eligibility threshold for property tax abatements from $50,000 to $75,000 for households headed by a person age 62 or older, effective July 1, 2025
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Increases the same income eligibility threshold from $50,000 to $75,000 for households headed by a person with a qualifying disability, effective July 1, 2025
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Allows local governments to adopt the higher income threshold through local law, ordinance, or resolution
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Updates gendered language from "his or her" to "such individual's" when referring to retirement income projections in eligibility calculations
Legislative Description
Raises the income eligibility for senior citizens and disabled residents to seventy-five thousand dollars.
Last Action
REFERRED TO AGING
1/7/2026