New York S 1764: Raises the income eligibility for senior citizens and disabled residents

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S01764 Summary:

BILL NOS01764 

&nbsp

SAME ASSAME AS A01805

&nbsp

SPONSORFERNANDEZ

&nbsp

COSPNSRADDABBO

&nbsp

MLTSPNSR

&nbsp

Amd §467-b, RPT L

&nbsp

Raises the income eligibility for senior citizens and disabled residents to seventy-five thousand dollars.

Go to top S01764 Actions:

BILL NOS01764 

&nbsp

01/13/2025REFERRED TO AGING

01/07/2026REFERRED TO AGING

Go to topS01764 Committee&nbspVotes:

Go to topS01764 Floor&nbspVotes:

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

Go to topS01764 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1764

 2025-2026 Regular Sessions

 IN SENATE

 January 13, 2025
 ___________

 Introduced by Sen. FERNANDEZ -- 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 raising the
 income eligibility threshold for senior citizens and disabled resi-
 dents

 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 3 of section 467-b of the real
 2 property tax law, as amended by section 1 of part U of chapter 55 of the
 3 laws of 2014, is amended to read as follows:
 4 a. for a dwelling unit where the head of the household is a person
 5 sixty-two years of age or older, no tax abatement shall be granted if
 6 the combined income of all members of the household for the income tax
 7 year immediately preceding the date of making application exceeds four
 8 thousand dollars, or such other sum not more than twenty-five thousand
 9 dollars beginning July first, two thousand five, twenty-six thousand
 10 dollars beginning July first, two thousand six, twenty-seven thousand
 11 dollars beginning July first, two thousand seven, twenty-eight thousand
 12 dollars beginning July first, two thousand eight, twenty-nine thousand
 13 dollars beginning July first, two thousand nine, [and] fifty thousand
 14 dollars beginning July first, two thousand fourteen, and seventy-five
 15 thousand dollars beginning July first, two thousand twenty-five, as may
 16 be provided by the local law, ordinance or resolution adopted pursuant
 17 to this section, provided that when the head of the household retires
 18 before the commencement of such income tax year and the date of filing
 19 the application, the income for such year may be adjusted by excluding
 20 salary or earnings and projecting [his or her] such individual's retire-
 21 ment income over the entire period of such year.
 22 § 2. Paragraph a of subdivision 3 of section 467-b of the real proper-
 23 ty tax law, as separately amended by chapters 188 and 205 of the laws of
 24 2005, is amended to read as follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03176-01-5

 S. 1764 2

 1 a. for a dwelling unit where the head of the household is a person
 2 sixty-two years of age or older, no tax abatement shall be granted if
 3 the combined income of all members of the household for the income tax
 4 year immediately preceding the date of making application exceeds four
 5 thousand dollars, or such other sum not more than twenty-five thousand
 6 dollars beginning July first, two thousand five, twenty-six thousand
 7 dollars beginning July first, two thousand six, twenty-seven thousand
 8 dollars beginning July first, two thousand seven, twenty-eight thousand
 9 dollars beginning July first, two thousand eight, [and] twenty-nine
 10 thousand dollars beginning July first, two thousand nine, and seventy-
 11 five thousand dollars beginning July first, two thousand twenty-five, as
 12 may be provided by the local law, ordinance or resolution adopted pursu-
 13 ant to this section, provided that when the head of the household
 14 retires before the commencement of such income tax year and the date of
 15 filing the application, the income for such year may be adjusted by
 16 excluding salary or earnings and projecting [his or her] such individ-
 17 ual's retirement income over the entire period of such year.
 18 § 3. Paragraph b of subdivision 3 of section 467-b of the real proper-
 19 ty tax law, as amended by section 1 of chapter 129 of the laws of 2014,
 20 is amended to read