Adjusts STAR eligibility for senior citizens based on retirement income.

This bill modifies the eligibility criteria for the STAR (School Tax Relief) program in New York. It allows senior citizens to qualify for the enhanced exemption if their income decreases upon retirement. The eligibility is determined based on their income for the tax year immediately following the applicable year, provided the tax return or income documentation is filed on time. This change aims to support seniors facing income reductions due to retirement.

Adjusts STAR eligibility for senior citizens based on retirement income.

This bill modifies the eligibility criteria for the STAR (School Tax Relief) program in New York. It allows senior citizens to qualify for the enhanced exemption if their income decreases upon retirement. The eligibility is determined based on their income for the tax year immediately following the applicable year, provided the tax return or income documentation is filed on time. This change aims to support seniors facing income reductions due to retirement.