New York A 7077: Allows localities to exclude disability pension in determining eligibility level for partial exemption from real property tax

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A07077 Summary:

BILL NOA07077 

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SAME ASNo Same As

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SPONSORPretlow

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COSPNSR

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MLTSPNSR

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Amd §467, RPT L

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Allows localities the option to exclude income from any disability pension or benefit in computation of income for purposes of determining eligibility for the partial real property tax exemption granted to persons 65 years of age or over.

Go to top A07077 Actions:

BILL NOA07077 

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03/20/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA07077 Committee&nbspVotes:

Go to topA07077 Floor&nbspVotes:

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

Go to topA07077 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7077

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 20, 2025
 ___________

 Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
 tee on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to qualifications
 of certain real property owners, sixty-five years of age or over, for
 partial exemption from real property taxation

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

 1 Section 1. Section 467 of the real property tax law is amended by
 2 adding a new subdivision 12 to read as follows:
 3 12. Any local law or ordinance adopted pursuant to paragraph (a) of
 4 subdivision one and paragraph (a) of subdivision three of this section
 5 may be amended, or a local law or ordinance may be adopted to allow a
 6 local law to offer an exemption to an individual or owners of property
 7 based on income earned during the income tax year immediately preceding
 8 the date of making the application, that may exclude income earned from
 9 a disability pension or benefits that may exceed the sum of three thou-
 10 sand dollars up to fifteen thousand dollars as may be provided by the
 11 local law, ordinance or resolution adopted pursuant to this subdivision.
 12 § 2. This act shall take effect on the first of January next succeed-
 13 ing the date on which it shall have become a law and shall apply to
 14 assessment rolls prepared on the basis of taxable status dates occurring
 15 on or after such date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10712-01-5

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