Establishes the retire strong tax credit for individuals age 65 or older, providing a tax credit of up to $6,500.

New York A00452 establishes the retire strong tax credit for individuals age 65 or older. This credit amounts to half the qualifying real property taxes paid by the individual for the taxable year, up to $6,500. To qualify, the individual must be a resident of New York, own and primarily reside in a dwelling for six months or more of the taxable year, and have a qualified gross income not exceeding $300,000. The credit is not applicable to multi-dwelling or multi-purpose buildings, nor to residences wholly exempted from real property taxation.

Establishes the retire strong tax credit for individuals age 65 or older, providing a tax credit of up to $6,500.

New York A00452 establishes the retire strong tax credit for individuals age 65 or older. This credit amounts to half the qualifying real property taxes paid by the individual for the taxable year, up to $6,500. To qualify, the individual must be a resident of New York, own and primarily reside in a dwelling for six months or more of the taxable year, and have a qualified gross income not exceeding $300,000. The credit is not applicable to multi-dwelling or multi-purpose buildings, nor to residences wholly exempted from real property taxation.