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A04664 Summary:

BILL NO    A04664 

SAME AS    No Same as 

SPONSOR    McLaughlin

COSPNSR    Ra, Giglio, Graf, Blankenbush, Montesano, Arroyo, Tenney

MLTSPNSR   Ceretto, Curran, Finch, Raia, Saladino, Thiele

Add SS431 & 901, RPT L

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.
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