NY S07335

Expands the enhanced STAR property tax exemption eligibility to include seniors who experience a decrease in income upon retirement, not just those whose income drops due to the death of a spouse

Allows newly retired seniors to qualify for the enhanced STAR exemption based on their income from the tax year immediately following retirement, rather than the standard prior year

Requires seniors claiming this provision to file their income tax return or other income documentation with the assessor by the applicable taxable status date

Replaces gendered language ("his or her") with gender-neutral terminology ("such senior citizen's") throughout the amended section

Takes effect immediately and applies to school years beginning on or after January 1 following enactment