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S01665 Summary:

BILL NOS01665
 
SAME ASSAME AS A03416
 
SPONSORGOLDEN
 
COSPNSRYOUNG
 
MLTSPNSR
 
Amd 469, RPT L
 
Extends eligibility for tax exemption to the extent of any increase in assessed value of residential property resulting from the construction or reconstruction of such property for the purpose of providing living quarters for certain related senior or disabled relatives.
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S01665 Actions:

BILL NOS01665
 
01/10/2017REFERRED TO AGING
03/07/20171ST REPORT CAL.376
03/08/20172ND REPORT CAL.
03/13/2017ADVANCED TO THIRD READING
06/08/2017PASSED SENATE
06/08/2017DELIVERED TO ASSEMBLY
06/08/2017referred to real property taxation
01/03/2018died in assembly
01/03/2018returned to senate
01/03/2018REFERRED TO AGING
06/18/2018COMMITTEE DISCHARGED AND COMMITTED TO RULES
06/18/2018ORDERED TO THIRD READING CAL.1818
06/20/2018RECOMMITTED TO RULES
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S01665 Memo:

Memo not available
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S01665 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1665
 
                               2017-2018 Regular Sessions
 
                    IN SENATE
 
                                    January 10, 2017
                                       ___________
 
        Introduced by Sens. GOLDEN, YOUNG -- 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 assessment
          exemptions for living quarters for a parent or grandparent
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subdivisions  1 and 3 of section 469 of the real property
     2  tax law, as added by chapter 377 of the laws of 2000, subdivision  1  as
     3  further  amended by subdivision (b) of section 1 of part W of chapter 56
     4  of the laws of 2010, are amended to read as follows:
     5    1. A county, city, town, village or school district acting through its
     6  local legislative body is hereby authorized and empowered to  adopt  and
     7  amend  local  laws,  or  resolutions in the case of school districts, to
     8  provide for an exemption from taxation to the extent of any increase  in
     9  assessed  value  of residential property resulting from the construction
    10  or reconstruction of such property for the purpose of  providing  living
    11  quarters  for  a parent or grandparent, who is sixty-two years of age or
    12  older, or another eligible person, as defined in subdivision  five-a  of
    13  this  section.  Such  exemption  shall  not  exceed  (a) the increase in
    14  assessed value resulting from construction  or  reconstruction  of  such
    15  property,  or  (b)  twenty  percent  of the total assessed value of such
    16  property as improved, or (c) twenty percent of the median sale price  of
    17  residential  property  as  reported in the most recent sales statistical
    18  summary published by the commissioner for the county in which the  prop-
    19  erty is located, whichever is less.
    20    3.  Such  exemption shall be applicable only to construction or recon-
    21  struction which occurred  subsequent  to  the  effective  date  of  this
    22  section  and shall only apply during taxable years during which at least
    23  one such parent [or], grandparent or eligible person maintains a primary
    24  place of residence in such living quarters.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05062-01-7

        S. 1665                             2
 
     1    § 2. Section 469 of the real property tax law is amended by  adding  a
     2  new subdivision 5-a to read as follows:
     3    5-a.  For  the  purposes  of  this section, the term "eligible person"
     4  shall be deemed to include an individual who is sixty-two years  of  age
     5  or  older,  or a husband and wife, one of whom is sixty-two years of age
     6  or older, or a person with a disability, provided that such  person,  or
     7  in  the  case of a husband and wife, one spouse, is within three degrees
     8  of consanguinity or three degrees of affinity with the  property  owner.
     9  To  qualify  as  a  person  with  a  disability for the purposes of this
    10  section, an individual shall submit to the  appropriate  assessor  proof
    11  that  he or she is currently receiving social security disability insur-
    12  ance or supplemental security income benefits under the  federal  social
    13  security  act  or disability pension or disability compensation benefits
    14  provided by the United States department of veterans  affairs  or  those
    15  previously eligible by virtue of receiving disability benefits under the
    16  supplemental  security  income program or the social security disability
    17  program and currently receiving medical  assistance  benefits  based  on
    18  determination  of disability as provided in section three hundred sixty-
    19  six of the social services law, or a certified statement from  a  physi-
    20  cian  licensed  to  practice  in the state on a form prescribed and made
    21  available by the commissioner which states that  the  individual  has  a
    22  permanent  physical impairment which substantially limits one or more of
    23  such individual's major life activities, or a certificate from the state
    24  commission for the blind and  visually  handicapped  stating  that  such
    25  individual is legally blind.
    26    § 3. This act shall take effect immediately.
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