NY A01830 | 2017-2018 | General Assembly
Status
Spectrum: Moderate Partisan Bill (Republican 7-1)
Status: Introduced on January 13 2017 - 25% progression, died in committee
Action: 2017-01-13 - referred to real property taxation
Pending: Assembly Real Property Taxation Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 13 2017 - 25% progression, died in committee
Action: 2017-01-13 - referred to real property taxation
Pending: Assembly Real Property Taxation Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides for the imposition of a fixed real property assessed value on residential property owned by persons 65 years of age or older, when such owners have a combined annual income of $100,000 or less and the property taxes on such property equals or exceeds 6% of the owners' combined annual income; provides for state reimbursement to municipalities for tax revenue lost pursuant to such fixed real property assessed value.
Title
Provides for the imposition of a fixed real property assessed value on residential property owned by persons 65 years of age or older, when such owners have a combined annual income of $100,000 or less and the property taxes on such property equals or exceeds 6% of the owners' combined annual income; provides for state reimbursement to municipalities for tax revenue lost pursuant to such fixed real property assessed value.
Sponsors
| Asm. Steven McLaughlin [R] | Asm. Edward Ra [R] | Asm. Joseph Giglio [R] | Asm. Michael Montesano [R] |
| Asm. Kenneth Blankenbush [R] | Asm. Brian Curran [R] | Asm. Gary Finch [R] | Asm. Fred Thiele [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-01-13 | Assembly | referred to real property taxation |
