New York State Assembly

Bill No.:  

 
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S05555 Summary:

BILL NO	S05555
SAME AS	SAME AS A02309-A
SPONSOR	HANNON
COSPNSR
MLTSPNSR
Add §1232, Tax L
Authorizes school tax reductions of 25% for residents in communities that restrict ownership to those fifty-five years of age and older.

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S05555 Actions:

BILL NO	S05555
04/12/2017	REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
01/03/2018	REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

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S05555 Committee Votes:

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S05555 Floor Votes:

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S05555 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5555
 
                               2017-2018 Regular Sessions
 
                    IN SENATE
 
                                     April 12, 2017
                                       ___________
 
        Introduced  by  Sen.  HANNON -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
 
        AN ACT to amend the tax law, in relation to school  tax  reductions  for
          residents  in  communities that restrict ownership to those fifty-five
          years of age and older

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. The tax law is amended by adding a new section 1232 to read
     2  as follows:
     3    §  1232.  School  tax  reduction.  In any community where zoning regu-
     4  lations restrict ownership to those fifty-five years of age  and  older,
     5  such  residents shall be eligible for a twenty-five percent reduction in
     6  school taxes upon approval by the local town or village.
     7    § 2. This act shall take effect on the first of January next  succeed-
     8  ing the date on which it shall have become a law.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06691-02-7

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