New York S04805 shifts the income verification process for senior citizen tax exemption from municipalities to the Department of Taxation and Finance.

New York S04805 amends the real property tax law to change the entity responsible for verifying income for the senior citizen tax exemption. Instead of municipalities, the Department of Taxation and Finance will handle this process. The bill mandates that all owners of the property and their spouses must have their income eligibility verified annually by the department and provide their taxpayer identification numbers. The assessing authority is prohibited from requesting income documentation from them.

New York S04805 shifts the income verification process for senior citizen tax exemption from municipalities to the Department of Taxation and Finance.

New York S04805 amends the real property tax law to change the entity responsible for verifying income for the senior citizen tax exemption. Instead of municipalities, the Department of Taxation and Finance will handle this process. The bill mandates that all owners of the property and their spouses must have their income eligibility verified annually by the department and provide their taxpayer identification numbers. The assessing authority is prohibited from requesting income documentation from them.