STATE OF NEW YORK
________________________________________________________________________
3914
2019-2020 Regular Sessions
IN SENATE
February 21, 2019
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Introduced by Sen. STAVISKY -- read twice and ordered printed, and when
printed to be committed to the Committee on Aging
AN ACT to amend the real property tax law, in relation to tax abatement
for rent-controlled and rent regulated property occupied by senior
citizens or persons with disabilities
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraphs a and b of subdivision 3 of section 467-b of the
2 real property tax law, paragraph a as amended by section 1 of part U of
3 chapter 55 of the laws of 2014 and paragraph b as amended by chapter 129
4 of the laws of 2014, are amended to read as follows:
5 a. for a dwelling unit where the head of the household is a person
6 sixty-two years of age or older, no tax abatement shall be granted if
7 the combined income of all members of the household for the income tax
8 year immediately preceding the date of making application exceeds four
9 thousand dollars, or such other sum not more than twenty-five thousand
10 dollars beginning July first, two thousand five, twenty-six thousand
11 dollars beginning July first, two thousand six, twenty-seven thousand
12 dollars beginning July first, two thousand seven, twenty-eight thousand
13 dollars beginning July first, two thousand eight, twenty-nine thousand
14 dollars beginning July first, two thousand nine, and fifty thousand
15 dollars beginning July first, two thousand fourteen, and fifty-five
16 thousand dollars beginning July first, two thousand nineteen, as may be
17 provided by the local law, ordinance or resolution adopted pursuant to
18 this section, provided that when the head of the household retires
19 before the commencement of such income tax year and the date of filing
20 the application, the income for such year may be adjusted by excluding
21 salary or earnings and projecting his or her retirement income over the
22 entire period of such year.
23 b. for a dwelling unit where the head of the household qualifies as a
24 person with a disability pursuant to subdivision five of this section,
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10058-01-9
S. 3914 2
1 no tax abatement shall be granted if the combined income for all members
2 of the household for the current income tax year exceeds fifty thousand
3 dollars beginning July first, two thousand fourteen, and fifty-five
4 thousand dollars beginning July first, two thousand nineteen, as may be
5 provided by the local law, ordinance or resolution adopted pursuant to
6 this section.
7 § 2. This act shall take effect immediately, provided that the amend-
8 ments to paragraphs a and b of subdivision 3 of section 467-b of the
9 real property tax law made by section one of this act shall not affect
10 the expiration of such paragraphs and shall be deemed to expire there-
11 with.
