Bill
Bill > S03085
NY S03085
NY S03085Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age and persons with disabilities and limited income.
summary
Introduced
01/27/2021
01/27/2021
In Committee
05/10/2022
05/10/2022
Crossed Over
05/24/2022
05/24/2022
Passed
08/05/2022
08/05/2022
Dead
Signed/Enacted/Adopted
08/08/2022
08/08/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the real property tax law, in relation to increasing the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons sixty-five years of age or over and for persons with disabilities and limited income
AI Summary
This bill increases the amount of income property owners may earn to be eligible for the property tax exemption for persons over sixty-five years of age and persons with disabilities and limited income. Specifically, it raises the income limit from $29,000 to $50,000 beginning July 1, 2022. The bill amends the Real Property Tax Law to make this change, which will allow more senior citizens and individuals with disabilities to qualify for the property tax exemption.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (3)
Last Action
SIGNED CHAP.488 (on 08/08/2022)
Official Document
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S3085 | 01/28/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03085&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03085A | 04/28/2022 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03085&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03085 | 01/28/2021 |
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