Adds a person with a disability who has their primary residence in a special needs trust, or a property owner who has a tenant with a disability whose lease provides them with a life interest in the property as long as the tenant remains in residence as eligible for a real property tax exemption pursuant to section 459-c of the real property tax law.
STATE OF NEW YORK
________________________________________________________________________
9948
IN ASSEMBLY
April 26, 2024
___________
Introduced by M. of A. EACHUS -- read once and referred to the Committee
on Real Property Taxation
AN ACT to amend the real property tax law, in relation to certain real
property tax exemptions to include additional eligibility for people
with disabilities
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 section 7 of part K of chapter 59 of the
3 laws of 2023, is amended to read as follows:
4 (a) Real property owned by one or more persons with disabilities, or
5 real property owned by a married person or a married couple, or by
6 siblings, at least one of whom has a disability, or a person with a
7 disability who has their primary residence in a special needs trust, or
8 a property owner who has a tenant with a disability whose lease provides
9 them with a life interest in the property as long as the tenant remains
10 in residence, or real property owned by one or more persons, some of
11 whom qualify under this section and the others of whom qualify under
12 section four hundred sixty-seven of this title, and whose income, as
13 hereafter defined, is limited by reason of such disability, shall be
14 exempt from payments in lieu of taxes (PILOT) to the battery city park
15 authority or from taxation by any municipal corporation in which located
16 to the extent of fifty per centum of the assessed valuation thereof as
17 hereinafter provided. After a public hearing, the governing board of a
18 county, city, town or village may adopt a local law and a school
19 district, other than a school district subject to article fifty-two of
20 the education law, may adopt a resolution to grant the exemption author-
21 ized pursuant to this section.
22 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14775-01-4
