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A07544 Summary:

BILL NOA07544
 
SAME ASSAME AS S00237
 
SPONSORLupardo
 
COSPNSR
 
MLTSPNSR
 
Amd 467, RPT L
 
Increases maximum income eligibility levels for real property tax exemptions for seniors.
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A07544 Actions:

BILL NOA07544
 
05/01/2017referred to aging
01/03/2018referred to aging
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A07544 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A7544
 
SPONSOR: Lupardo
  TITLE OF BILL: An act to amend the real property tax law, in relation to increasing maximum income eligibility levels for real property tax exemptions for seniors   PURPOSE: To gradually increase the income levels for the senior citizen partial real property tax exemption that may be enacted by local governments over multiple years.   SUMMARY OF PROVISIONS: Section 1 of this bill amends subparagraph 1 of paragraph (b) of subdi- vision 1 of section 467 of the Real Property Tax Law to increase the income eligibility levels for the partial real property tax exemption that local governments may provide to property owners who are at least 65 years old. The exemption, which ranges from 5% to 45% of the property's assessed value, uses a sliding scale based on the property owner's income to determine the exemption amount. For years beginning before July 1, 2019, the maximum exemption of 45% would be available to property owners with an income that is less than the maximum income level for the locality plus $1,000. The minimum exemption of 5% would be available to property owners with an income that is less than the maximum income level for the locality plus $8,400. Section 2 of this bill changes the letters for paragraphs (c) and (d) of subdivision 1 of section 467 of the Real Property Tax Law to (g) and (h), respectively, and adds paragraphs (c), (d), (e), and (0 to subdivi- sion 1 to address the exemption for different years. For years beginning on and after July 1, 2019 and before July 1, 2020, the maximum exemption of 45% would be available to property owners with an income that is less than the maximum income level for the locality plus $1,250. The minimum exemption of 5% would be available to property owners with an income that is less than the maximum income level for the locality plus $10,500. For years beginning on and after July 1, 2020 and before July 1, 2021, the maximum exemption of 45% would be available to property owners with an income that is less than the maximum income level for the locality plus $1,500. The minimum exemption of 5% would be available to property owners with an income that is less than the maximum income level for the locality plus $12,600. For years beginning on and after July 1, 2021 and before July 1, 2022, the maximum exemption of 45% would be available to property owners with an income that is less than the maximum income level for the locality plus $1,750. The minimum exemption of 5% would be available to property owners with an income that is less than the maximum income level for the locality plus $14,700. For years beginning on and after July 1, 2022, the maximum exemption of 45% would be available to property owners with an income that is less than the maximum income level for the locality plus $2,000. The minimum exemption of 5% would be available to property owners with an income that is less than the maximum income level for the locality plus $16,800. Section 3 of this bill provides that this act shall take effect imme- diately.   EXISTING LAW: Real Property Tax Law section 467 currently authorizes local governments to provide a partial real property tax exemption to property owners who are at least 65 years of age.   JUSTIFICATION: Local governments have the option to provide a partial real property tax exemption to senior citizens based upon their income. This partial exemption can range from 5% of the property's assessed value to 45% percent of the property's assessed value. The income limitation for the 5% partial exemption, which was enacted in 1995, has never been increased. The income limitation for the remaining partial exemptions have not been increased since 1994. This bill would allow local governments to increase the income limita- tions for these partial exemptions so that more senior citizens could receive increased relief from their local real property taxes.   LEGISLATIVE HISTORY: 2016: S.1074-A - Passed the Senate 2015: S.1074 - Passed the Senate 2014: S.3585-A - Referred to Aging 2013: S3585-A - 3rd Reading Calendar 2012: S.2212-A - Passed the Senate 2011: S.2212-A - 3rd Reading. Calendar 2010: S.2022 - Referred to Aging 2009: S.2022 - Referred to Aging 2008: S.2818-A - Passed the Senate 2007: S.2818-A - Passed the Senate   FISCAL IMPLICATIONS: None to the State.   EFFECTIVE DATE: The act shall take effect immediately.
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A07544 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7544
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                       May 1, 2017
                                       ___________
 
        Introduced  by M. of A. LUPARDO -- read once and referred to the Commit-
          tee on Aging
 
        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. Subparagraph 1 of paragraph (b) of subdivision 1 of section
     2  467 of the real property tax law, as amended by chapter 261 of the  laws
     3  of 1994, is amended to read as follows:
     4    (1)  [Any]  Prior to July first, two thousand nineteen, 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 INCOME                           PERCENTAGE ASSESSED VALUATION
    12                                                  EXEMPT FROM TAXATION

    13  More than (M) but
    14     less than (M+ $1,000)                           45 per centum
    15  (M+ $1,000 or more) but
    16     less than (M+ $2,000)                           40 per centum
    17  (M+ $2,000 or more) but
    18     less than (M+ $3,000)                           35 per centum
    19  (M+ $3,000 or more) but
    20     less than (M+ $3,900)                           30 per centum
    21  (M+ $3,900 or more) but
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03631-01-7

        A. 7544                             2
 
     1     less than (M+ $4,800)                           25 per centum
     2  (M+ $4,800 or more) but
     3     less than (M+ $5,700)                           20 per centum

     4    §  2.  Paragraphs  (c)  and (d) of subdivision 1 of section 467 of the
     5  real property tax law are relettered paragraphs (g) and (h) and four new
     6  paragraphs (c), (d), (e) and (f) are added to read as follows:
     7    (c) On and after July first, two thousand  nineteen  and  before  July
     8  first,  two  thousand twenty, (1) Any local law, ordinance or resolution
     9  adopted pursuant to paragraph (a) of this subdivision may be amended, or
    10  a local law, ordinance or resolution  may  be  adopted,  to  provide  an
    11  exemption so as to increase the maximum income eligibility level of such
    12  municipal  corporation  as provided in subdivision three of this section
    13  (represented in the hereinbelow schedule as M), to the  extent  provided
    14  in the following schedule:
    15  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    16                                              EXEMPT FROM TAXATION
    17  More than (M) but
    18  less than (M+ $1,250)                   45 per centum
    19  (M+ $1,250 or more) but
    20  less than (M+ $2,500)                   40 per centum
    21  (M+ $2,500 or more) but
    22  less than (M+ $3,750)                   35 per centum
    23  (M+ $3,750 or more) but
    24  less than (M+ $4,875)                   30 per centum
    25  (M+ $4,875 or more) but
    26  less than (M+ $6,000)                   25 per centum
    27  (M+ $6,000 or more) but
    28  less than (M+ $7,125)                   20 per centum
    29    (2) Any local law, ordinance or resolution adopted pursuant to subpar-
    30  agraph  one  of this paragraph may be amended, or a local law, ordinance
    31  or resolution may be adopted, to provide an exemption so as to  increase
    32  the  maximum  income  eligibility level of such municipal corporation as
    33  provided in subdivision three of this section (represented in the  here-
    34  inbelow schedule as M), and as increased as provided for in such subpar-
    35  agraph one to the extent provided in the following schedule:
 
    36  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    37                                              EXEMPT FROM TAXATION
 
    38  (M+ $7,125 or more) but
    39  less than (M+ $8,250)                   15 per centum
    40  (M+ $8,250 or more) but
    41  less than (M+ $9,375)                   10 per centum
 
    42    (3) Any local law, ordinance or resolution adopted pursuant to subpar-
    43  agraphs  one  and  two of this paragraph may be amended, or a local law,
    44  ordinance or resolution may be adopted, to provide an exemption so as to
    45  increase the maximum income eligibility level of such  municipal  corpo-
    46  ration  as provided in subdivision three of this section (represented in
    47  the hereinbelow schedule as M), and as increased as provided for in such
    48  subparagraph one to the extent provided in the following schedule:
 
    49  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    50                                              EXEMPT FROM TAXATION

        A. 7544                             3
 
     1  (M+ $9,375 or more)
     2  but less than (M+ $10,500)              5 per centum
 
     3    (d)  On  and  after  July  first,  two thousand twenty and before July
     4  first, two thousand twenty-one, (1) Any local law, ordinance  or  resol-
     5  ution  adopted  pursuant  to  paragraph  (a)  of this subdivision may be
     6  amended, or a local law, ordinance or  resolution  may  be  adopted,  to
     7  provide  an  exemption  so as to increase the maximum income eligibility
     8  level of such municipal corporation as provided in subdivision three  of
     9  this  section  (represented  in  the  hereinbelow schedule as M), to the
    10  extent provided in the following schedule:
 
    11  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    12                                              EXEMPT FROM TAXATION
 
    13  More than (M) but                       45 per centum
    14  less than (M+ $1,500)
    15  (M+ $1,500 or more) but                 40 per centum
    16  less than (M+ $3,000)
    17  (M+ $3,000 or more) but
    18  less than (M+ $4,500)                   35 per centum
    19  (M+ $4,500 or more) but
    20  less than (M+ $5,850)                   30 per centum
    21  (M+ $5,850 or more) but
    22  less than (M+ $7,200)                   25 per centum
    23  (M+ $7,200 or more) but
    24  less than (M+ $8,550)                   20 per centum
    25    (2) Any local law, ordinance or resolution adopted pursuant to subpar-
    26  agraph one of this paragraph may be amended, or a local  law,  ordinance
    27  or  resolution may be adopted, to provide an exemption so as to increase
    28  the maximum income eligibility level of such  municipal  corporation  as
    29  provided  in subdivision three of this section (represented in the here-
    30  inbelow schedule as M), and as increased as provided for in such subpar-
    31  agraph one to the extent provided in the following schedule:
 
    32  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    33                                              EXEMPT FROM TAXATION
    34  (M+ $8,550 or more) but
    35  less than (M+ $9,900)                   15 per centum
    36  (M+ $9,900 or more) but
    37  less than (M+ $11,250)                  10 per centum
 
    38    (3) Any local law, ordinance or resolution adopted pursuant to subpar-
    39  agraphs one and two of this paragraph may be amended, or  a  local  law,
    40  ordinance  or resolution may be adopted to provide an exemption so as to
    41  increase the maximum income eligibility level of such  municipal  corpo-
    42  ration  as provided in subdivision three of this section (represented in
    43  the hereinbelow schedule as M), and as increased as provided for in such
    44  subparagraph one to the extent provided in the following schedule:
    45  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    46                                              EXEMPT FROM TAXATION
 
    47  (M+ $11,250 or more)
    48  but less than (M+ $12,600)                       5 per centum

        A. 7544                             4
 
     1    (e) On and after July first, two thousand twenty-one and  before  July
     2  first,  two  thousand twenty-two, (1) Any local law, ordinance or resol-
     3  ution adopted pursuant to paragraph  (a)  of  this  subdivision  may  be
     4  amended,  or  a  local  law,  ordinance or resolution may be adopted, to
     5  provide  an  exemption  so as to increase the maximum income eligibility
     6  level of such municipal corporation as provided in subdivision three  of
     7  this  section  (represented  in  the  hereinbelow schedule as M), to the
     8  extent provided in the following schedule:
 
     9  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    10                                              EXEMPT FROM TAXATION
    11  More than (M) but
    12  less than (M+ $1,750)                           45 per centum
 
    13  (M+ $1,750 or more) but
    14  less than (M+ $3,500)                           40 per centum
 
    15  (M+ $3,500 or more) but
    16  less than (M+ $5,250)                           35 per centum
 
    17  (M+ $5,250 or more) but
    18  less than (M+ $6,825)                           30 per centum
 
    19  (M+ $6,825 or more) but
    20  less than (M+ $8,400)                           25 per centum

    21  (M+ $8,400 or more) but
    22  less than (M+ $9,975)                           20 per centum
    23    (2) Any local law, ordinance or resolution adopted pursuant to subpar-
    24  agraph one of this paragraph may be amended, or a local  law,  ordinance
    25  or  resolution may be adopted, to provide an exemption so as to increase
    26  the maximum income eligibility level of such  municipal  corporation  as
    27  provided  in subdivision three of this section (represented in the here-
    28  inbelow schedule as M), and as increased as provided for in such subpar-
    29  agraph one to the extent provided in the following schedule:
 
    30  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    31                                              EXEMPT FROM TAXATION
    32  (M+ $9,975 or more) but
    33  less than (M+ $11,550)                  15 per centum
    34  (M+ $11,550 or more) but
    35  less than (M+ $13,125)                  10 per centum
 
    36    (3) Any local law, ordinance or resolution adopted pursuant to subpar-
    37  agraphs one and two of this paragraph may be amended, or  a  local  law,
    38  ordinance or resolution may be adopted, to provide an exemption so as to
    39  increase  the  maximum income eligibility level of such municipal corpo-
    40  ration as provided in subdivision three of this section (represented  in
    41  the hereinbelow schedule as M), and as increased as provided for in such
    42  subparagraph one to the extent provided in the following schedule:

    43  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    44                                              EXEMPT FROM TAXATION
    45  (M+ $13,125 or more)
    46  but less than (M+ $14,700)              5 per centum

        A. 7544                             5
 
     1    (f)  On  and  after July first, two thousand twenty-two, (1) Any local
     2  law, ordinance or resolution adopted pursuant to paragraph (a)  of  this
     3  subdivision  may be amended, or a local law, ordinance or resolution may
     4  be adopted, to provide an exemption so as to increase the maximum income
     5  eligibility  level of such municipal corporation as provided in subdivi-
     6  sion three of this section (represented in the hereinbelow  schedule  as
     7  M), to the extent provided in the following schedule:
     8  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
     9                                              EXEMPT FROM TAXATION
    10  More than (M) but
    11  less than (M+ $2,000)                   45 per centum
    12  (M+ $2,000 or more) but
    13  less than (M+ $4,000)                   40 per centum
    14  (M+ $4,000 or more) but
    15  less than (M+ $6,000)                   35 per centum
    16  (M+ $6,000 or more) but
    17  less than (M+ $7,800)                   30 per centum
    18  (M+ $7,800 or more) but
    19  less than (M+ $9,600)                   25 per centum
    20  (M+ $9,600 or more) but
    21  less than (M+ $11,400)                  20 per centum
 
    22    (2) Any local law, ordinance or resolution adopted pursuant to subpar-
    23  agraph  one  of this paragraph may be amended, or a local law, ordinance
    24  or resolution may be adopted, to provide an exemption so as to  increase
    25  the  maximum  income  eligibility level of such municipal corporation as
    26  provided in subdivision three of this section (represented in the  here-
    27  inbelow schedule as M), and as increased as provided for in such subpar-
    28  agraph one to the extent provided in the following schedule:
 
    29  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    30                                              EXEMPT FROM TAXATION
    31  (M+ $11,400 or more) but
    32  less than (M+ $13,200)                  15 per centum
    33  (M+ $13,200 or more) but
    34  less than (M+ $15,000)                  10 per centum
 
    35    (3) Any local law, ordinance or resolution adopted pursuant to subpar-
    36  agraphs  one  and  two of this paragraph may be amended, or a local law,
    37  ordinance or resolution may be adopted, to provide an exemption so as to
    38  increase the maximum income eligibility level of such  municipal  corpo-
    39  ration  as provided in subdivision three of this section (represented in
    40  the hereinbelow schedule as M), and as increased as provided for in such
    41  subparagraph one to the extent provided in the following schedule:
 
    42  ANNUAL INCOME                           PERCENTAGE ASSESSED VALUATION
    43                                              EXEMPT FROM TAXATION
    44  (M+ $15,000 or more) but
    45  less than (M+ $16,800)                  5 per centum
    46    § 3. This act shall take effect immediately.
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