NY S04805

Requires the New York State Department of Taxation and Finance to handle annual income verification for the senior citizen property tax exemption, removing this responsibility from local assessing authorities

Mandates that all property owners and their spouses residing on the premises provide taxpayer identification numbers to facilitate income matching with state tax records

Establishes the "senior citizen property tax exemption income verification program" with mandatory participation by all applicants and assessing authorities

Authorizes the commissioner to extend enrollment periods for property owners who missed deadlines and to issue direct payments equal to the tax savings they would have received if enrolled on time

Requires all income documentation submitted for the exemption to be kept confidential, prohibiting assessors and municipal employees from disclosing such information except as necessary for official duties