Bill
Bill > A07776
NY A07776
NY A07776Relates to creating an age based school tax relief exemption for those aged sixty-five years or more.
summary
Introduced
06/15/2023
06/15/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the real property tax law, in relation to creating an age based school tax relief exemption
AI Summary
This bill amends the real property tax law to create an age-based school tax relief exemption for residential property owners aged 65 or older. The exemption provides a refund ranging from $500 to $3,000, depending on the owner's age, if the combined household income is $150,000 or less. The bill outlines eligibility requirements, application and approval procedures, and the process for discontinuing the exemption if the property no longer qualifies. It also specifies that the refund will not affect various calculations related to school district funding and taxes.
Committee Categories
Budget and Finance
Sponsors (7)
Jo Anne Simon (D)*,
Karl Brabenec (R),
Maritza Davila (D),
Ron Kim (D),
Angelo Santabarbara (D),
Gina Sillitti (D),
Chris Tague (R),
Last Action
referred to real property taxation (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/A7776 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07776&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07776 |
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