STATE OF NEW YORK
________________________________________________________________________
3740--A
2011-2012 Regular Sessions
IN ASSEMBLY
January 27, 2011
___________
Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the
Committee on Aging -- recommitted to the Committee on Aging in accord-
ance with Assembly Rule 3, sec. 2 -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
tee
AN ACT to amend the real property tax law, in relation to increasing
maximum income eligibility levels for real property tax exemptions for
seniors
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraphs (c) and (d) of subdivision 1 of section 467 of
2 the real property tax law are relettered paragraphs (g) and (h) and four
3 new paragraphs (c), (d), (e) and (f) are added to read as follows:
4 (c) on and after July first, two thousand thirteen, (1) any local law,
5 ordinance or resolution adopted pursuant to paragraph (a) of this subdi-
6 vision may be amended, or a local law, ordinance or resolution may be
7 adopted, to provide an exemption so as to increase the maximum income
8 eligibility level of such municipal corporation as provided in subdivi-
9 sion three of this section (represented in the hereinbelow schedule as
10 M), to the extent provided in the following schedule:
11 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
12 EXEMPT FROM TAXATION
13 More than (M) but
14 less than (M+ $1,250)45 per centum
15 (M+ $1,250 or more) but
16 less than (M+ $2,500)40 per centum
17 (M+ $2,500 or more) but
18 less than (M+ $3,750)35 per centum
19 (M+ $3,750 or more) but
20 less than (M+ $4,875)30 per centum
21 (M+ $4,875 or more) but
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD04956-03-2
A. 3740--A 2
1 less than (M+ $6,000)25 per centum
2 (M+ $6,000 or more) but
3 less than (M+ $7,125)20 per centum
4 (2) Any local law, ordinance or resolution adopted pursuant to subpar-
5 agraph one of this paragraph may be amended, or a local law, ordinance
6 or resolution may be adopted, to provide an exemption so as to increase
7 the maximum income eligibility level of such municipal corporation as
8 provided in subdivision three of this section (represented in the here-
9 inbelow schedule as M), and as increased as provided for in such subpar-
10 agraph one to the extent provided in the following schedule:
11 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
12 EXEMPT FROM TAXATION
13 (M+ $7,125 or more) but
14 less than (M+ $8,250)15 per centum
15 (M+ $8,250 or more) but
16 less than (M+ $9,375)10 per centum
17 (3) Any local law, ordinance or resolution adopted pursuant to subpar-
18 agraphs one and two of this paragraph may be amended, or a local law,
19 ordinance or resolution may be adopted, to provide an exemption so as to
20 increase the maximum income eligibility level of such municipal corpo-
21 ration as provided in subdivision three of this section (represented in
22 the hereinbelow schedule as M), and as increased as provided for in such
23 subparagraph one to the extent provided in the following schedule:
24 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
25 EXEMPT FROM TAXATION
26 (M+ $9,375 or more)
27 but less than (M+ $10,500)5 per centum
28 (d) On and after July first, two thousand fourteen, (1) Any local law,
29 ordinance or resolution adopted pursuant to paragraph (a) of this subdi-
30 vision may be amended, or a local law, ordinance or resolution may be
31 adopted, to provide an exemption so as to increase the maximum income
32 eligibility level of such municipal corporation as provided in subdivi-
33 sion three of this section (represented in the hereinbelow schedule as
34 M), to the extent provided in the following schedule:
35 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
36 EXEMPT FROM TAXATION
37 More than (M) but45 per centum
38 less than (M+ $1,500)
39 (M+ $1,500 or more) but40 per centum
40 less than (M+ $3,000)
41 (M+ $3,000 or more) but
42 less than (M+ $4,500)35 per centum
43 (M+ $4,500 or more) but
44 less than (M+ $5,850)30 per centum
45 (M+ $5,850 or more) but
46 less than (M+ $7,200)25 per centum
47 (M+ $7,200 or more) but
48 less than (M+ $8,550)20 per centum
A. 3740--A 3
1 (2) Any local law, ordinance or resolution adopted pursuant to subpar-
2 agraph one of this paragraph may be amended, or a local law, ordinance
3 or resolution may be adopted, to provide an exemption so as to increase
4 the maximum income eligibility level of such municipal corporation as
5 provided in subdivision three of this section (represented in the here-
6 inbelow schedule as M), and as increased as provided for in such subpar-
7 agraph one to the extent provided in the following schedule:
8 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
9 EXEMPT FROM TAXATION
10 (M+ $8,550 or more) but
11 less than (M+ $9,900)15 per centum
12 (M+ $9,900 or more) but
13 less than (M+ $11,250)10 per centum
14 (3) Any local law, ordinance or resolution adopted pursuant to subpar-
15 agraphs one and two of this paragraph may be amended, or a local law,
16 ordinance or resolution may be adopted to provide an exemption so as to
17 increase the maximum income eligibility level of such municipal corpo-
18 ration as provided in subdivision three of this section (represented in
19 the hereinbelow schedule as M), and as increased as provided for in such
20 subparagraph one to the extent provided in the following schedule:
21 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
22 EXEMPT FROM TAXATION
23 (M+ $11,250 or more)
24 but less than (M+ $12,600)5 per centum
25 (e) On and after July first, two thousand fifteen, (1) Any local law,
26 ordinance or resolution adopted pursuant to paragraph (a) of this subdi-
27 vision may be amended, or a local law, ordinance or resolution may be
28 adopted, to provide an exemption so as to increase the maximum income
29 eligibility level of such municipal corporation as provided in subdivi-
30 sion three of this section (represented in the hereinbelow schedule as
31 M), to the extent provided in the following schedule:
32 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
33 EXEMPT FROM TAXATION
34 More than (M) but
35 less than (M+ $1,750)45 per centum
36 (M+ $1,750 or more) but
37 less than (M+ $3,500)40 per centum
38 (M+ $3,500 or more) but
39 less than (M+ $5,250)35 per centum
40 (M+ $5,250 or more) but
41 less than (M+ $6,825)30 per centum
42 (M+ $6,825 or more) but
43 less than (M+ $8,400)25 per centum
44 (M+ $8,400 or more) but
45 less than (M+ $9,975)20 per centum
46 (2) Any local law, ordinance or resolution adopted pursuant to subpar-
47 agraph one of this paragraph may be amended, or a local law, ordinance
A. 3740--A 4
1 or resolution may be adopted, to provide an exemption so as to increase
2 the maximum income eligibility level of such municipal corporation as
3 provided in subdivision three of this section (represented in the here-
4 inbelow schedule as M), and as increased as provided for in such subpar-
5 agraph one to the extent provided in the following schedule:
6 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
7 EXEMPT FROM TAXATION
8 (M+ $9,975 or more) but
9 less than (M+ $11,550)15 per centum
10 (M+ $11,550 or more) but
11 less than (M+ $13,125)10 per centum
12 (3) Any local law, ordinance or resolution adopted pursuant to subpar-
13 agraphs one and two of this paragraph may be amended, or a local law,
14 ordinance or resolution may be adopted, to provide an exemption so as to
15 increase the maximum income eligibility level of such municipal corpo-
16 ration as provided in subdivision three of this section (represented in
17 the hereinbelow schedule as M), and as increased as provided for in such
18 subparagraph one to the extent provided in the following schedule:
19 ANNUAL INCOMEPERCENTAGE ASSESSED VALUATION
20 EXEMPT FROM TAXATION
21 (M+ $13,125 or more)
22 but less than (M+ $14,700)5 per centum
23 (f) On and after July first, two thousand sixteen, (1) Any local law,
24 ordinance or resolution adopted pursuant to paragraph (a) of this subdi-
25 vision may be amended, or a local law, ordinance or resolution may be
26 adopted, to provide an exemption so as to increase the maximum income
27 eligibility level of such municipal corporation as provided in subdivi-
28 sion three of this section (represented in the hereinbelow schedule as
29 M), to the extent provided in the following schedule:
30 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
31 EXEMPT FROM TAXATION
32 More than (M) but
33 less than (M+ $2,000)45 per centum
34 (M+ $2,000 or more) but
35 less than (M+ $4,000)40 per centum
36 (M+ $4,000 or more) but
37 less than (M+ $6,000)35 per centum
38 (M+ $6,000 or more) but
39 less than (M+ $7,800)30 per centum
40 (M+ $7,800 or more) but
41 less than (M+ $9,600)25 per centum
42 (M+ $9,600 or more) but
43 less than (M+ $11,400)20 per centum
44 (2) Any local law, ordinance or resolution adopted pursuant to subpar-
45 agraph one of this paragraph may be amended, or a local law, ordinance
46 or resolution may be adopted, to provide an exemption so as to increase
47 the maximum income eligibility level of such municipal corporation as
48 provided in subdivision three of this section (represented in the here-
49 inbelow schedule as M), and as increased as provided for in such subpar-
50 agraph one to the extent provided in the following schedule:
A. 3740--A 5
1 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
2 EXEMPT FROM TAXATION
3 (M+ $11,400 or more) but
4 less than (M+ $13,200)15 per centum
5 (M+ $13,200 or more) but
6 less than (M+ $15,000)10 per centum
7 (3) Any local law, ordinance or resolution adopted pursuant to subpar-
8 agraphs one and two of this paragraph may be amended, or a local law,
9 ordinance or resolution may be adopted, to provide an exemption so as to
10 increase the maximum income eligibility level of such municipal corpo-
11 ration as provided in subdivision three of this section (represented in
12 the hereinbelow schedule as M), and as increased as provided for in such
13 subparagraph one to the extent provided in the following schedule:
14 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
15 EXEMPT FROM TAXATION
16 (M+ $15,000 or more) but
17 less than (M+ $16,800)5 per centum
18 § 2. This act shall take effect immediately.
