Bill Text: NY A02769 | 2023-2024 | General Assembly | Amended

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Bill Title: Relates to raising the income cap for senior citizens applying for the enhanced STAR property tax exemption to $120,000.

Spectrum: Moderate Partisan Bill (Republican 25-6)

Status: (Introduced) 2024-03-12 - print number 2769a [A02769 Detail]

Download: New_York-2023-A02769-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         2769--A

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 27, 2023
                                       ___________

        Introduced  by  M.  of  A.  GANDOLFO, NORRIS, DURSO, SMULLEN, MANKTELOW,
          J. A. GIGLIO, JENSEN, BYRNES, DeSTEFANO, ANGELINO,  McDONOUGH,  GALLA-
          HAN,  MIKULIN -- Multi-Sponsored by -- M. of A. BLANKENBUSH, BRABENEC,
          COLTON, COOK, DiPIETRO, J. M. GIGLIO, GOODELL, HAWLEY, MILLER, PALMES-
          ANO, RA, ROZIC, STECK, THIELE -- read once and referred to the Commit-
          tee on Real Property Taxation -- recommitted to the Committee on  Real
          Property  Taxation  in  accordance  with  Assembly  Rule  3, sec. 2 --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee

        AN  ACT  to  amend the real property tax law, in relation to raising the
          income cap for senior citizens applying for the enhanced STAR property
          tax exemption

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subparagraph  (i)  of  paragraph  (b) of subdivision 4 of
     2  section 425 of the real property tax law is  amended  by  adding  a  new
     3  clause (B-1) to read as follows:
     4    (B-1) For final assessment rolls to be completed in two thousand twen-
     5  ty-four,  eligibility  for  the exemption shall be based upon income for
     6  the income tax year immediately preceding the date of making application
     7  for the exemption, and the income standard shall be one  hundred  twenty
     8  thousand dollars.
     9    § 2. This act shall take effect immediately and shall apply to all tax
    10  years commencing on or after such date.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00651-02-4