Bill
Bill > S08893
NY S08893
NY S08893Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty-five percent of the assessed valuation of such real property.
summary
Introduced
03/25/2024
03/25/2024
In Committee
06/07/2024
06/07/2024
Crossed Over
06/07/2024
06/07/2024
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 providing an additional real property tax exemption for certain senior citizens
AI Summary
This bill authorizes localities in New York to provide an additional real property tax exemption of up to 65% for senior citizens who meet certain income eligibility limits. The bill creates new income categories and corresponding exemption percentages, allowing for higher exemptions for seniors with lower incomes. The bill will take effect immediately and apply to taxable years beginning on or after January 1, 2024.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (3)
Last Action
referred to ways and means (on 06/07/2024)
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/S8893 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S08893&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S08893 |
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