Bill
Bill > A09944
NY A09944
NY A09944Relates to qualifying income for a property tax exemption for persons sixty-five years of age or over; increases the income limit to $35,000 beginning July 1, 2021.
summary
Introduced
02/27/2020
02/27/2020
In Committee
02/27/2020
02/27/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Relates to qualifying income for a property tax exemption for persons sixty-five years of age or over; increases the income limit to $35,000 beginning July 1, 2021.
AI Summary
This bill relates to qualifying income for a property tax exemption for persons 65 years of age or older. It increases the income limit for this exemption from $26,000 to $35,000 beginning July 1, 2021. The bill also specifies that the income used to determine eligibility includes Social Security and retirement benefits, interest, dividends, rental income, and self-employment income, but excludes certain items like reverse mortgage proceeds and veterans' disability compensation.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
referred to aging (on 02/27/2020)
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=A09944&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 02/28/2020 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A09944&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A09944 | 02/28/2020 |
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