Bill Text: NY S08903 | 2023-2024 | General Assembly | Introduced

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Bill Title: Adds a person with a disability who has their primary residence in a special needs trust, or a property owner who has a tenant with a disability whose lease provides them with a life interest in the property as long as the tenant remains in residence as eligible for a real property tax exemption pursuant to section 459-c of the real property tax law.

Spectrum: Bipartisan Bill

Status: (Passed) 2024-07-25 - SIGNED CHAP.209 [S08903 Detail]

Download: New_York-2023-S08903-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8903

                    IN SENATE

                                     March 26, 2024
                                       ___________

        Introduced  by Sen. MARTINEZ -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government

        AN ACT to amend the real property tax law, in relation to  certain  real
          property  tax  exemptions to include additional eligibility for people
          with disabilities

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

     1    Section 1. Paragraph (a) of subdivision 1 of section 459-c of the real
     2  property tax law, as amended by section 7 of part K of chapter 59 of the
     3  laws of 2023, is amended to read as follows:
     4    (a)  Real  property owned by one or more persons with disabilities, or
     5  real property owned by a married person  or  a  married  couple,  or  by
     6  siblings,  at  least  one  of  whom has a disability, or a person with a
     7  disability who has their primary residence in a special needs trust,  or
     8  a property owner who has a tenant with a disability whose lease provides
     9  them  with a life interest in the property as long as the tenant remains
    10  in residence, or real property owned by one or  more  persons,  some  of
    11  whom  qualify  under  this  section and the others of whom qualify under
    12  section four hundred sixty-seven of this title,  and  whose  income,  as
    13  hereafter  defined,  is  limited  by reason of such disability, shall be
    14  exempt from payments in lieu of taxes (PILOT) to the battery  city  park
    15  authority or from taxation by any municipal corporation in which located
    16  to  the  extent of fifty per centum of the assessed valuation thereof as
    17  hereinafter provided. After a public hearing, the governing board  of  a
    18  county,  city,  town  or  village  may  adopt  a  local law and a school
    19  district, other than a school district subject to article  fifty-two  of
    20  the education law, may adopt a resolution to grant the exemption author-
    21  ized pursuant to this section.
    22    § 2. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14775-01-4