- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
- LFIN
- Chamber Video/Transcript
A03034 Summary:
BILL NO | A03034 |
  | |
SAME AS | SAME AS S04432 |
  | |
SPONSOR | McDonald |
  | |
COSPNSR | Otis |
  | |
MLTSPNSR | |
  | |
Amd 467, RPT L | |
  | |
Provides that where the taxable status date is on or before April fourteenth, income tax year shall mean the twelve month period for which the owner or owners filed a federal personal income tax return for the year before the income tax year immediately preceding the date of application and where the taxable status date is on or after April fifteenth income tax year shall mean the twelve month period for which owner or owners filed a federal personal income tax return for the income tax year immediately preceding the date of application. |
A03034 Actions:
BILL NO | A03034 | |||||||||||||||||||||||||||||||||||||||||||||||||
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01/22/2021 | referred to real property taxation | |||||||||||||||||||||||||||||||||||||||||||||||||
04/27/2021 | reported referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
05/04/2021 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
05/06/2021 | advanced to third reading cal.296 | |||||||||||||||||||||||||||||||||||||||||||||||||
05/10/2021 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
05/10/2021 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
05/10/2021 | REFERRED TO LOCAL GOVERNMENT | |||||||||||||||||||||||||||||||||||||||||||||||||
06/09/2021 | SUBSTITUTED FOR S4432 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/09/2021 | 3RD READING CAL.1637 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/09/2021 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/09/2021 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
10/22/2021 | delivered to governor | |||||||||||||||||||||||||||||||||||||||||||||||||
11/03/2021 | signed chap.558 |
A03034 Committee Votes:
Galef | Aye | Miller | Aye | ||||||
McDonald | Aye | Tague | Aye | ||||||
Dickens | Aye | ||||||||
Barnwell | Aye | ||||||||
Rosenthal | Aye | ||||||||
Sayegh | Aye | ||||||||
Eichenstein | Aye | ||||||||
Mamdani | Aye | ||||||||
Weinstein | Aye | Ra | Aye | ||||||
Glick | Aye | Fitzpatrick | Aye | ||||||
Nolan | Excused | Hawley | Aye | ||||||
Pretlow | Aye | Montesano | Aye | ||||||
Perry | Aye | Blankenbush | Aye | ||||||
Colton | Excused | Norris | Aye | ||||||
Cook | Aye | Brabenec | Aye | ||||||
Cahill | Aye | Palmesano | Aye | ||||||
Aubry | Aye | Byrne | Aye | ||||||
Cusick | Aye | Ashby | Aye | ||||||
Benedetto | Aye | ||||||||
Weprin | Aye | ||||||||
Rodriguez | Aye | ||||||||
Ramos | Aye | ||||||||
Braunstein | Aye | ||||||||
McDonald | Aye | ||||||||
Rozic | Aye | ||||||||
Dinowitz | Aye | ||||||||
Joyner | Aye | ||||||||
Magnarelli | Aye | ||||||||
Zebrowski | Aye | ||||||||
Bronson | Aye | ||||||||
Dilan | Aye | ||||||||
Seawright | Aye | ||||||||
Hyndman | Aye | ||||||||
Go to top
A03034 Floor Votes:
Yes
Abbate
Yes
Clark
Yes
Frontus
Yes
Lalor
Yes
Paulin
Yes
Sillitti
Yes
Abinanti
Yes
Colton
Yes
Galef
Yes
Lavine
Yes
Peoples-Stokes
Yes
Simon
Yes
Anderson
Yes
Conrad
Yes
Gallagher
Yes
Lawler
Yes
Perry
Yes
Simpson
Yes
Angelino
Yes
Cook
Yes
Gallahan
Yes
Lemondes
Yes
Pheffer Amato
Yes
Smith
Yes
Ashby
Yes
Cruz
Yes
Gandolfo
Yes
Lunsford
Yes
Pichardo
Yes
Smullen
Yes
Aubry
Yes
Cusick
Yes
Giglio JA
Yes
Lupardo
Yes
Pretlow
Yes
Solages
Yes
Barclay
Yes
Cymbrowitz
Yes
Giglio JM
Yes
Magnarelli
Yes
Quart
Yes
Steck
Yes
Barnwell
Yes
Darling
Yes
Glick
Yes
Mamdani
Yes
Ra
Yes
Stern
Yes
Barrett
Yes
Davila
Yes
Gonzalez-Rojas
Yes
Manktelow
Yes
Rajkumar
Yes
Stirpe
Yes
Barron
Yes
De La Rosa
Yes
Goodell
Yes
McDonald
Yes
Ramos
Yes
Tague
Yes
Benedetto
Yes
DeStefano
ER
Gottfried
Yes
McDonough
Yes
Reilly
Yes
Tannousis
Yes
Bichotte Hermel
ER
Dickens
Yes
Griffin
Yes
McMahon
Yes
Reyes
Yes
Taylor
Yes
Blankenbush
Yes
Dilan
Yes
Gunther
Yes
Meeks
Yes
Richardson
Yes
Thiele
Yes
Brabenec
Yes
Dinowitz
Yes
Hawley
Yes
Mikulin
Yes
Rivera J
Yes
Vanel
Yes
Braunstein
Yes
DiPietro
Yes
Hevesi
Yes
Miller B
Yes
Rivera JD
Yes
Walczyk
Yes
Bronson
Yes
Durso
Yes
Hunter
Yes
Miller M
Yes
Rodriguez
ER
Walker
Yes
Brown
Yes
Eichenstein
Yes
Hyndman
Yes
Mitaynes
Yes
Rosenthal D
Yes
Wallace
Yes
Burdick
Yes
Englebright
Yes
Jackson
Yes
Montesano
Yes
Rosenthal L
Yes
Walsh
Yes
Burgos
Yes
Epstein
Yes
Jacobson
Yes
Morinello
Yes
Rozic
Yes
Weinstein
Yes
Burke
Yes
Fahy
Yes
Jean-Pierre
Yes
Niou
Yes
Salka
Yes
Weprin
Yes
Buttenschon
Yes
Fall
Yes
Jensen
ER
Nolan
Yes
Santabarbara
Yes
Williams
Yes
Byrne
Yes
Fernandez
Yes
Jones
Yes
Norris
ER
Sayegh
Yes
Woerner
Yes
Byrnes
Yes
Fitzpatrick
Yes
Joyner
Yes
O'Donnell
Yes
Schmitt
Yes
Zebrowski
Yes
Cahill
Yes
Forrest
Yes
Kelles
Yes
Otis
Yes
Seawright
Yes
Zinerman
Yes
Carroll
Yes
Friend
Yes
Kim
Yes
Palmesano
Yes
Septimo
Yes
Mr. Speaker
‡ Indicates voting via videoconference
A03034 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 3034 2021-2022 Regular Sessions IN ASSEMBLY January 22, 2021 ___________ Introduced by M. of A. McDONALD -- read once and referred to the Commit- tee on Real Property Taxation AN ACT to amend the real property tax law, in relation to the taxable status date 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 3 of section 467 of the real 2 property tax law, as separately amended by chapters 131 and 279 of the 3 laws of 2017, is amended to read as follows: 4 (a) if the income of the owner or the combined income of the owners of 5 the property for the income tax year immediately preceding the date of 6 making application for exemption exceeds the sum of three thousand 7 dollars, or such other sum not less than three thousand dollars nor more 8 than twenty-six thousand dollars beginning July first, two thousand six, 9 twenty-seven thousand dollars beginning July first, two thousand seven, 10 twenty-eight thousand dollars beginning July first, two thousand eight, 11 twenty-nine thousand dollars beginning July first, two thousand nine, 12 and in a city with a population of one million or more fifty thousand 13 dollars beginning July first, two thousand seventeen, as may be provided 14 by the local law, ordinance or resolution adopted pursuant to this 15 section. [Income tax year shall mean the twelve month period for which16the owner or owners filed a federal personal income tax return, or if no17such return is filed, the calendar year.] Where the taxable status date 18 is on or before April fourteenth, income tax year shall mean the twelve- 19 month period for which the owner or owners filed a federal personal 20 income tax return for the year before the income tax year immediately 21 preceding the date of application and where the taxable status date is 22 on or after April fifteenth, income tax year shall mean the twelve-month 23 period for which the owner or owners filed a federal personal income tax 24 return for the income tax year immediately preceding the date of appli- 25 cation. Where title is vested in either the husband or the wife, their EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01901-01-1A. 3034 2 1 combined income may not exceed such sum, except where the husband or 2 wife, or ex-husband or ex-wife is absent from the property as provided 3 in subparagraph (ii) of paragraph (d) of this subdivision, then only the 4 income of the spouse or ex-spouse residing on the property shall be 5 considered and may not exceed such sum. Such income shall include social 6 security and retirement benefits, interest, dividends, total gain from 7 the sale or exchange of a capital asset which may be offset by a loss 8 from the sale or exchange of a capital asset in the same income tax 9 year, net rental income, salary or earnings, and net income from self- 10 employment, but shall not include a return of capital, gifts, inheri- 11 tances, payments made to individuals because of their status as victims 12 of Nazi persecution, as defined in P.L. 103-286 or monies earned through 13 employment in the federal foster grandparent program and any such income 14 shall be offset by all medical and prescription drug expenses actually 15 paid which were not reimbursed or paid for by insurance, if the govern- 16 ing board of a municipality, after a public hearing, adopts a local law, 17 ordinance or resolution providing therefor. In addition, an exchange of 18 an annuity for an annuity contract, which resulted in non-taxable gain, 19 as determined in section one thousand thirty-five of the internal reven- 20 ue code, shall be excluded from such income. Provided that such exclu- 21 sion shall be based on satisfactory proof that such an exchange was 22 solely an exchange of an annuity for an annuity contract that resulted 23 in a non-taxable transfer determined by such section of the internal 24 revenue code. Furthermore, such income shall not include the proceeds of 25 a reverse mortgage, as authorized by section six-h of the banking law, 26 and sections two hundred eighty and two hundred eighty-a of the real 27 property law; provided, however, that monies used to repay a reverse 28 mortgage may not be deducted from income, and provided additionally that 29 any interest or dividends realized from the investment of reverse mort- 30 gage proceeds shall be considered income. The provisions of this para- 31 graph notwithstanding, such income shall not include veterans disability 32 compensation, as defined in Title 38 of the United States Code provided 33 the governing board of such municipality, after public hearing, adopts a 34 local law, ordinance or resolution providing therefor. In computing net 35 rental income and net income from self-employment no depreciation 36 deduction shall be allowed for the exhaustion, wear and tear of real or 37 personal property held for the production of income; 38 § 2. This act shall take effect immediately.