Bill Text: NY A04804 | 2019-2020 | General Assembly | Introduced


Bill Title: Relates to raising the income cap for senior citizens applying for the enhanced STAR property tax exemption.

Spectrum: Slight Partisan Bill (Republican 19-7)

Status: (Introduced - Dead) 2020-01-08 - referred to real property taxation [A04804 Detail]

Download: New_York-2019-A04804-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          4804
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 5, 2019
                                       ___________
        Introduced  by  M.  of  A.  GARBARINO  -- Multi-Sponsored by -- M. of A.
          BLANKENBUSH, BRABENEC, COLTON, COOK, CROUCH, DiPIETRO, FINCH,  GIGLIO,
          GOODELL,  HAWLEY,  JAFFEE,  LAWRENCE, McDONOUGH, B. MILLER, MONTESANO,
          PALMESANO, PALUMBO, PICHARDO, RA, RAIA, ROZIC, STECK, THIELE  --  read
          once and referred to the Committee on Real Property Taxation
        AN  ACT  to  amend the real property tax law, in relation to raising the
          income cap for senior citizens applying for the enhanced STAR property
          tax exemption
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subparagraph  (i)  of  paragraph  (b) of subdivision 4 of
     2  section 425 of the real property tax law is  amended  by  adding  a  new
     3  clause (B-1) to read as follows:
     4    (B-1) For final assessment rolls to be completed in two thousand twen-
     5  ty,  eligibility  for  the  exemption shall be based upon income for the
     6  income tax year immediately preceding the date of making application for
     7  the exemption, and the income standard shall  be  one  hundred  thousand
     8  dollars.
     9    § 2. This act shall take effect immediately and shall apply to all tax
    10  years commencing on or after it shall have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08357-01-9
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