Bill Text: NY S00237 | 2017-2018 | General Assembly | Introduced
Bill Title: Increases maximum income eligibility levels for real property tax exemptions for seniors.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2018-01-03 - REFERRED TO AGING [S00237 Detail]
Download: New_York-2017-S00237-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 237 2017-2018 Regular Sessions IN SENATE (Prefiled) January 4, 2017 ___________ Introduced by Sens. GOLDEN, YOUNG -- read twice and ordered printed, and when printed to be committed to the Committee on Aging AN ACT to amend the real property tax law, in relation to increasing maximum income eligibility levels for real property tax exemptions for seniors The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph 1 of paragraph (b) of subdivision 1 of section 2 467 of the real property tax law, as amended by chapter 261 of the laws 3 of 1994, is amended to read as follows: 4 (1) [Any] Prior to July first, two thousand nineteen, any local law, 5 ordinance or resolution adopted pursuant to paragraph (a) of this subdi- 6 vision may be amended, or a local law, ordinance or resolution may be 7 adopted, to provide an exemption so as to increase the maximum income 8 eligibility level of such municipal corporation as provided in subdivi- 9 sion three of this section (represented in the hereinbelow schedule as 10 M), to the extent provided in the following schedule: 11 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 12 EXEMPT FROM TAXATION 13 More than (M) but 14 less than (M+ $1,000) 45 per centum 15 (M+ $1,000 or more) but 16 less than (M+ $2,000) 40 per centum 17 (M+ $2,000 or more) but 18 less than (M+ $3,000) 35 per centum 19 (M+ $3,000 or more) but 20 less than (M+ $3,900) 30 per centum 21 (M+ $3,900 or more) but EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03631-01-7S. 237 2 1 less than (M+ $4,800) 25 per centum 2 (M+ $4,800 or more) but 3 less than (M+ $5,700) 20 per centum 4 § 2. Paragraphs (c) and (d) of subdivision 1 of section 467 of the 5 real property tax law are relettered paragraphs (g) and (h) and four new 6 paragraphs (c), (d), (e) and (f) are added to read as follows: 7 (c) On and after July first, two thousand nineteen and before July 8 first, two thousand twenty, (1) Any local law, ordinance or resolution 9 adopted pursuant to paragraph (a) of this subdivision may be amended, or 10 a local law, ordinance or resolution may be adopted, to provide an 11 exemption so as to increase the maximum income eligibility level of such 12 municipal corporation as provided in subdivision three of this section 13 (represented in the hereinbelow schedule as M), to the extent provided 14 in the following schedule: 15 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 16 EXEMPT FROM TAXATION 17 More than (M) but 18 less than (M+ $1,250) 45 per centum 19 (M+ $1,250 or more) but 20 less than (M+ $2,500) 40 per centum 21 (M+ $2,500 or more) but 22 less than (M+ $3,750) 35 per centum 23 (M+ $3,750 or more) but 24 less than (M+ $4,875) 30 per centum 25 (M+ $4,875 or more) but 26 less than (M+ $6,000) 25 per centum 27 (M+ $6,000 or more) but 28 less than (M+ $7,125) 20 per centum 29 (2) Any local law, ordinance or resolution adopted pursuant to subpar- 30 agraph one of this paragraph may be amended, or a local law, ordinance 31 or resolution may be adopted, to provide an exemption so as to increase 32 the maximum income eligibility level of such municipal corporation as 33 provided in subdivision three of this section (represented in the here- 34 inbelow schedule as M), and as increased as provided for in such subpar- 35 agraph one to the extent provided in the following schedule: 36 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 37 EXEMPT FROM TAXATION 38 (M+ $7,125 or more) but 39 less than (M+ $8,250) 15 per centum 40 (M+ $8,250 or more) but 41 less than (M+ $9,375) 10 per centum 42 (3) Any local law, ordinance or resolution adopted pursuant to subpar- 43 agraphs one and two of this paragraph may be amended, or a local law, 44 ordinance or resolution may be adopted, to provide an exemption so as to 45 increase the maximum income eligibility level of such municipal corpo- 46 ration as provided in subdivision three of this section (represented in 47 the hereinbelow schedule as M), and as increased as provided for in such 48 subparagraph one to the extent provided in the following schedule: 49 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 50 EXEMPT FROM TAXATIONS. 237 3 1 (M+ $9,375 or more) 2 but less than (M+ $10,500) 5 per centum 3 (d) On and after July first, two thousand twenty and before July 4 first, two thousand twenty-one, (1) Any local law, ordinance or resol- 5 ution adopted pursuant to paragraph (a) of this subdivision may be 6 amended, or a local law, ordinance or resolution may be adopted, to 7 provide an exemption so as to increase the maximum income eligibility 8 level of such municipal corporation as provided in subdivision three of 9 this section (represented in the hereinbelow schedule as M), to the 10 extent provided in the following schedule: 11 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 12 EXEMPT FROM TAXATION 13 More than (M) but 45 per centum 14 less than (M+ $1,500) 15 (M+ $1,500 or more) but 40 per centum 16 less than (M+ $3,000) 17 (M+ $3,000 or more) but 18 less than (M+ $4,500) 35 per centum 19 (M+ $4,500 or more) but 20 less than (M+ $5,850) 30 per centum 21 (M+ $5,850 or more) but 22 less than (M+ $7,200) 25 per centum 23 (M+ $7,200 or more) but 24 less than (M+ $8,550) 20 per centum 25 (2) Any local law, ordinance or resolution adopted pursuant to subpar- 26 agraph one of this paragraph may be amended, or a local law, ordinance 27 or resolution may be adopted, to provide an exemption so as to increase 28 the maximum income eligibility level of such municipal corporation as 29 provided in subdivision three of this section (represented in the here- 30 inbelow schedule as M), and as increased as provided for in such subpar- 31 agraph one to the extent provided in the following schedule: 32 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 33 EXEMPT FROM TAXATION 34 (M+ $8,550 or more) but 35 less than (M+ $9,900) 15 per centum 36 (M+ $9,900 or more) but 37 less than (M+ $11,250) 10 per centum 38 (3) Any local law, ordinance or resolution adopted pursuant to subpar- 39 agraphs one and two of this paragraph may be amended, or a local law, 40 ordinance or resolution may be adopted to provide an exemption so as to 41 increase the maximum income eligibility level of such municipal corpo- 42 ration as provided in subdivision three of this section (represented in 43 the hereinbelow schedule as M), and as increased as provided for in such 44 subparagraph one to the extent provided in the following schedule: 45 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 46 EXEMPT FROM TAXATION 47 (M+ $11,250 or more) 48 but less than (M+ $12,600) 5 per centumS. 237 4 1 (e) On and after July first, two thousand twenty-one and before July 2 first, two thousand twenty-two, (1) Any local law, ordinance or resol- 3 ution adopted pursuant to paragraph (a) of this subdivision may be 4 amended, or a local law, ordinance or resolution may be adopted, to 5 provide an exemption so as to increase the maximum income eligibility 6 level of such municipal corporation as provided in subdivision three of 7 this section (represented in the hereinbelow schedule as M), to the 8 extent provided in the following schedule: 9 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 10 EXEMPT FROM TAXATION 11 More than (M) but 12 less than (M+ $1,750) 45 per centum 13 (M+ $1,750 or more) but 14 less than (M+ $3,500) 40 per centum 15 (M+ $3,500 or more) but 16 less than (M+ $5,250) 35 per centum 17 (M+ $5,250 or more) but 18 less than (M+ $6,825) 30 per centum 19 (M+ $6,825 or more) but 20 less than (M+ $8,400) 25 per centum 21 (M+ $8,400 or more) but 22 less than (M+ $9,975) 20 per centum 23 (2) Any local law, ordinance or resolution adopted pursuant to subpar- 24 agraph one of this paragraph may be amended, or a local law, ordinance 25 or resolution may be adopted, to provide an exemption so as to increase 26 the maximum income eligibility level of such municipal corporation as 27 provided in subdivision three of this section (represented in the here- 28 inbelow schedule as M), and as increased as provided for in such subpar- 29 agraph one to the extent provided in the following schedule: 30 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 31 EXEMPT FROM TAXATION 32 (M+ $9,975 or more) but 33 less than (M+ $11,550) 15 per centum 34 (M+ $11,550 or more) but 35 less than (M+ $13,125) 10 per centum 36 (3) Any local law, ordinance or resolution adopted pursuant to subpar- 37 agraphs one and two of this paragraph may be amended, or a local law, 38 ordinance or resolution may be adopted, to provide an exemption so as to 39 increase the maximum income eligibility level of such municipal corpo- 40 ration as provided in subdivision three of this section (represented in 41 the hereinbelow schedule as M), and as increased as provided for in such 42 subparagraph one to the extent provided in the following schedule: 43 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 44 EXEMPT FROM TAXATION 45 (M+ $13,125 or more) 46 but less than (M+ $14,700) 5 per centumS. 237 5 1 (f) On and after July first, two thousand twenty-two, (1) Any local 2 law, ordinance or resolution adopted pursuant to paragraph (a) of this 3 subdivision may be amended, or a local law, ordinance or resolution may 4 be adopted, to provide an exemption so as to increase the maximum income 5 eligibility level of such municipal corporation as provided in subdivi- 6 sion three of this section (represented in the hereinbelow schedule as 7 M), to the extent provided in the following schedule: 8 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 9 EXEMPT FROM TAXATION 10 More than (M) but 11 less than (M+ $2,000) 45 per centum 12 (M+ $2,000 or more) but 13 less than (M+ $4,000) 40 per centum 14 (M+ $4,000 or more) but 15 less than (M+ $6,000) 35 per centum 16 (M+ $6,000 or more) but 17 less than (M+ $7,800) 30 per centum 18 (M+ $7,800 or more) but 19 less than (M+ $9,600) 25 per centum 20 (M+ $9,600 or more) but 21 less than (M+ $11,400) 20 per centum 22 (2) Any local law, ordinance or resolution adopted pursuant to subpar- 23 agraph one of this paragraph may be amended, or a local law, ordinance 24 or resolution may be adopted, to provide an exemption so as to increase 25 the maximum income eligibility level of such municipal corporation as 26 provided in subdivision three of this section (represented in the here- 27 inbelow schedule as M), and as increased as provided for in such subpar- 28 agraph one to the extent provided in the following schedule: 29 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 30 EXEMPT FROM TAXATION 31 (M+ $11,400 or more) but 32 less than (M+ $13,200) 15 per centum 33 (M+ $13,200 or more) but 34 less than (M+ $15,000) 10 per centum 35 (3) Any local law, ordinance or resolution adopted pursuant to subpar- 36 agraphs one and two of this paragraph may be amended, or a local law, 37 ordinance or resolution may be adopted, to provide an exemption so as to 38 increase the maximum income eligibility level of such municipal corpo- 39 ration as provided in subdivision three of this section (represented in 40 the hereinbelow schedule as M), and as increased as provided for in such 41 subparagraph one to the extent provided in the following schedule: 42 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION 43 EXEMPT FROM TAXATION 44 (M+ $15,000 or more) but 45 less than (M+ $16,800) 5 per centum 46 § 3. This act shall take effect immediately.
