Bill
Bill > A03956
NY A03956
NY A03956Increases 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
01/29/2021
01/29/2021
In Committee
05/24/2022
05/24/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
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, the bill raises the income threshold from $29,000 to $50,000 beginning July 1, 2022. This change applies to both the real property tax law's exemption for persons over sixty-five and the exemption for persons with disabilities and limited income. The bill aims to expand eligibility for these property tax exemptions by raising the income limit.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (9)
Thomas Abinanti (D)*,
Sandy Galef (D),
Judy Griffin (D),
Amy Paulin (D),
Gina Sillitti (D),
Michaelle Solages (D),
Steve Stern (D),
Monica Wallace (D),
Ken Zebrowski (D),
Last Action
substituted by s3085a (on 05/24/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A3956 | 01/30/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03956&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03956A | 04/29/2022 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03956&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03956 | 01/30/2021 |
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