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Bill > S06523


NY S06523

NY S06523
Increases the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions; applies to any local law, resolution or ordinance amended or adopted on and after the effective date of this act.


summary

Introduced
05/04/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Increases the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions; applies to any local law, resolution or ordinance amended or adopted on and after the effective date of this act.

AI Summary

This bill increases the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions. It applies to any local law, resolution, or ordinance amended or adopted on and after the effective date of the act. The state will reimburse municipal corporations for the difference in the amount of real property tax revenue abated between the new income thresholds and the previous thresholds.

Committee Categories

Health and Social Services

Sponsors (1)

Last Action

REFERRED TO AGING (on 01/05/2022)

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