Bill Text: NY A09948 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 9948

Introduced

Bill Title: Adds a person with a disability who has their primary residence in a special needs trust, or a property owner who has a tenant with a disability whose lease provides them with a life interest in the property as long as the tenant remains in residence as eligible for a real property tax exemption pursuant to section 459-c of the real property tax law.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-04-26 - referred to real property taxation [A09948 Detail]

Download: New_York-2023-A09948-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          9948

                   IN ASSEMBLY

                                     April 26, 2024
                                       ___________

        Introduced by M. of A. EACHUS -- read once and referred to the Committee
          on Real Property Taxation

        AN  ACT  to amend the real property tax law, in relation to certain real
          property tax exemptions to include additional eligibility  for  people
          with disabilities

          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 section 7 of part K of chapter 59 of the
     3  laws of 2023, is amended to read as follows:
     4    (a) Real property owned by one or more persons with  disabilities,  or
     5  real  property  owned  by  a  married  person or a married couple, or by
     6  siblings, at least one of whom has a disability,  or  a  person  with  a
     7  disability  who has their primary residence in a special needs trust, or
     8  a property owner who has a tenant with a disability whose lease provides
     9  them with a life interest in the property as long as the tenant  remains
    10  in  residence,  or  real  property owned by one or more persons, some of
    11  whom qualify under this section and the others  of  whom  qualify  under
    12  section  four  hundred  sixty-seven  of this title, and whose income, as
    13  hereafter defined, is limited by reason of  such  disability,  shall  be
    14  exempt  from  payments in lieu of taxes (PILOT) to the battery city park
    15  authority or from taxation by any municipal corporation in which located
    16  to the extent of fifty per centum of the assessed valuation  thereof  as
    17  hereinafter  provided.  After a public hearing, the governing board of a
    18  county, city, town or village  may  adopt  a  local  law  and  a  school
    19  district,  other  than a school district subject to article fifty-two of
    20  the education law, may adopt a resolution to grant the exemption author-
    21  ized pursuant to this section.
    22    § 2. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14775-01-4