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Bill > S09774


NY S09774

NY S09774
Raises the income eligibility for senior citizens and disabled residents to seventy-five thousand dollars.


summary

Introduced
05/29/2024
In Committee
05/29/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the real property tax law, in relation to raising the income eligibility threshold for senior citizens and disabled residents

AI Summary

This bill amends the real property tax law to raise the income eligibility threshold for senior citizens and disabled residents to $75,000 starting July 1, 2024. Currently, the income limit is $50,000 for seniors and the disabled. The bill also includes provisions for adjusting the income calculation when the head of the household retires prior to the tax year. This change is intended to provide property tax relief for more senior and disabled New York residents.

Committee Categories

Health and Social Services

Sponsors (1)

Last Action

REFERRED TO AGING (on 05/29/2024)

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