STATE OF NEW YORK ________________________________________________________________________ 6058 2017-2018 Regular Sessions IN SENATE May 10, 2017 ___________ Introduced by Sen. GOLDEN -- 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 the definition of income in relation to the enhanced STAR exemption The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (ii) of paragraph (b) of subdivision 4 of 2 section 425 of the real property tax law, as amended by section 3 of 3 part E of chapter 83 of the laws of 2002, is amended to read as follows: 4 (ii) The term "income" as used herein shall mean the "adjusted gross 5 income" for federal income tax purposes as reported on the applicant's 6 federal or state income tax return for the applicable income tax year, 7 subject to any subsequent amendments or revisions, reduced by distrib- 8 utions, to the extent included in federal adjusted gross income, 9 received from an individual retirement account and an individual retire- 10 ment annuity, and distribution from a thrift savings plan established 11 prior to January first, nineteen hundred eighty-four; provided that if 12 no such return was filed for the applicable income tax year, "income" 13 shall mean the adjusted gross income that would have been so reported if 14 such a return had been filed. 15 § 2. This act shall take effect on the first of January next succeed- 16 ing the date on which it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10949-02-7