NY S00121 | 2025-2026 | General Assembly

New York Senate Bill 121

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-08 - REFERRED TO AGING
Pending: Senate Aging Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age; increases such amount to $75,000.

Title

Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age; increases such amount to $75,000.

History

Date	Chamber	Action
2025-01-08	Senate	REFERRED TO AGING

New York State Sources

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2025/S121
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S00121&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00121