New York A 3054: Relates to eligibility of community colleges for state aid

Bill Text

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A03054 Summary:

BILL NOA03054 

&nbsp

SAME ASSAME AS S05832

&nbsp

SPONSORLunsford

&nbsp

COSPNSRYeger

&nbsp

MLTSPNSR

&nbsp

Amd §§467 & 459-c, RPT L

&nbsp

Increases the income thresholds for eligibility for the senior citizen and disabled person property tax exemptions; applies to any local law, resolution or ordinance amended or adopted on and after the effective date of this act.

Go to top A03054 Actions:

BILL NOA03054 

&nbsp

01/23/2025referred to aging

01/07/2026referred to aging

Go to topA03054 Committee&nbspVotes:

Go to topA03054 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA03054 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3054

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 23, 2025
 ___________

 Introduced by M. of A. LUNSFORD -- read once and referred to the Commit-
 tee on Aging

 AN ACT to amend the real property tax law, in relation to the senior
 citizen and disabled property owner exemption

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Paragraph (b) of subdivision 1 of section 467 of the real
 2 property tax law, as amended by section 1 of part B of chapter 686 of
 3 the laws of 2022, is amended to read as follows:
 4 (b) (1) Any local law, ordinance or resolution adopted pursuant to
 5 paragraph (a) of this subdivision may be amended, or a local law, ordi-
 6 nance or resolution may be adopted, to provide an exemption so as to
 7 increase the maximum income eligibility level of such municipal corpo-
 8 ration as provided in subdivision three of this section (represented in
 9 the hereinbelow schedule as M), to the extent provided in the following
 10 schedule:

 11 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
 12 EXEMPT FROM TAXATION OR PILOT

 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 $10,000)
 20 [(M+ $3,000 or more) but
 21 less than (M+ $3,900) 30 per centum
 22 (M+ $3,900 or more) but

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04443-01-5

 A. 3054 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) Any local law, ordinance or resolution adopted pursuant to subpar-
 5 agraph one of this paragraph may be amended, or a local law, ordinance
 6 or resolution may be adopted, to provide an exemption so as to increase
 7 the maximum income eligibility level of such municipal corporation as
 8 provided in subdivision three of this section (represented in the here-
 9 inbelow schedule as M), and as increased as provided for in such subpar-
 10 agraph one to the extent provided in the following schedule:

 11 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
 12 EXEMPT FROM TAXATION OR PILOT

 13 (M+ [$5,700] $10,000 or more) but
 14 less than (M+ [$6,600] 15 per centum
 15 $25,000)
 16 [(M+ $6,600 or more) but
 17 less than (M+ $7,500) 10 per centum]

 18 (3) Any local law, ordinance or resolution adopted pursuant to subpar-
 19 agraphs one and two of this paragraph may be amended, or a local law,
 20 ordinance or resolution may be adopted, to provide an exemption so as to
 21 increase the maximum income eligibility level of such municipal corpo-
 22 ration as provided in subdivision three of this section (represented in
 23 the hereinbelow schedule as M), and as increased as provided for in such
 24 subparagraph one to the extent provided in the following schedule:

 25 ANNUAL INCOME PERCENTAGE ASSESSED VALUATION
 26 EXEMPT FROM TAXATION OR PILOT

 27 (M+ [$7,500] $25,000 or more)
 28 but less than (M+ [$8,400] 5 per centum
 29 $35,000)

 30 § 2. Paragraph (b) of subdivision 1 of section 459-c of the real prop-
 31 erty tax law, as amended by section 2 of part B of chapter 686 of the
 32 laws of 2022, is amended to read as follows:
 33 (b) Any local law or resolution adopted pursuant to paragraph (a) of
 34 this subdivision may be amended, or a local law or resolution may be
 35 adopted, to provide an exemption so as to increase the maximum income
 36 eligibility level