Bill Text: NY A04955 | 2015-2016 | General Assembly | Introduced

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Bill Title: Provides that school districts shall adopt a limited tax exemption relating to the tax on real property which would benefit persons with disabilities and limited income.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced - Dead) 2016-01-06 - referred to real property taxation [A04955 Detail]

Download: New_York-2015-A04955-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4955
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 9, 2015
                                      ___________
       Introduced  by M. of A. CURRAN, FINCH, RAIA -- read once and referred to
         the Committee on Real Property Taxation
       AN ACT to amend the real property tax law, in relation to directing  all
         school districts to adopt certain exemptions
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (a) of subdivision 1 of section 459-c of the real
    2  property tax law, as amended by chapter 348 of  the  laws  of  2007,  is
    3  amended to read as follows:
    4    (a)  Real  property owned by one or more persons with disabilities, or
    5  real property owned by a husband, wife, or  both,  or  by  siblings,  at
    6  least  one  of  whom  has a disability, or real property owned by one or
    7  more persons, some of whom qualify under this section and the others  of
    8  whom  qualify  under section four hundred sixty-seven of this title, and
    9  whose income, as hereafter defined, is limited by reason of  such  disa-
   10  bility,  shall  be  exempt from taxation by any municipal corporation in
   11  which located to the extent of fifty per centum of  the  assessed  valu-
   12  ation  thereof  as  hereinafter  provided.  After  a public hearing, the
   13  governing board of a county, city, town or village may adopt a local law
   14  and a school district, other than a school district subject  to  article
   15  fifty-two  of the education law, [may] SHALL adopt a resolution to grant
   16  the exemption authorized pursuant to this section.
   17    S 2. This act shall take effect immediately and shall apply to  school
   18  years beginning in the year immediately following the year in which this
   19  act shall have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07960-01-5