New York A07077 allows localities to exclude income from disability pensions when determining eligibility for partial real property tax exemptions.

New York A07077 amends the real property tax law to give localities the option to exclude income from any disability pension or benefit when computing income for eligibility in the partial real property tax exemption for individuals aged 65 and over. This exemption can exclude up to $15,000 of income from disability pensions, as determined by local law, ordinance, or resolution. The change will apply to assessment rolls prepared on or after the effective date of the act.

New York A07077 allows localities to exclude income from disability pensions when determining eligibility for partial real property tax exemptions.

New York A07077 amends the real property tax law to give localities the option to exclude income from any disability pension or benefit when computing income for eligibility in the partial real property tax exemption for individuals aged 65 and over. This exemption can exclude up to $15,000 of income from disability pensions, as determined by local law, ordinance, or resolution. The change will apply to assessment rolls prepared on or after the effective date of the act.