Provides that school districts shall adopt a limited tax exemption relating to the tax on real property which would benefit persons with disabilities and limited income.
STATE OF NEW YORK
________________________________________________________________________
6642
2011-2012 Regular Sessions
IN ASSEMBLY
March 23, 2011
___________
Introduced by M. of A. CURRAN -- read once and referred to the Committee
on Real Property Taxation
AN ACT to amend the real property tax law, in relation to directing all
school districts to adopt certain exemptions
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 chapter 348 of the laws of 2007, is
3 amended to read as follows:
4 (a) Real property owned by one or more persons with disabilities, or
5 real property owned by a husband, wife, or both, or by siblings, at
6 least one of whom has a disability, or real property owned by one or
7 more persons, some of whom qualify under this section and the others of
8 whom qualify under section four hundred sixty-seven of this title, and
9 whose income, as hereafter defined, is limited by reason of such disa-
10 bility, shall be exempt from taxation by any municipal corporation in
11 which located to the extent of fifty per centum of the assessed valu-
12 ation thereof as hereinafter provided. After a public hearing, the
13 governing board of a county, city, town or village may adopt a local law
14 and a school district, other than a school district subject to article
15 fifty-two of the education law, [may] shall adopt a resolution to grant
16 the exemption authorized pursuant to this section.
17 § 2. This act shall take effect immediately and shall apply to school
18 years beginning in the year immediately following the year in which this
19 act shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08512-01-1
