2025-2026 Regular SessionNew York Legislature

S00121

Legislative Summary

Increases the amount of income property owners may earn for the purpose of eligibility for the property tax exemption for persons over sixty-five years of age; increases such amount to $75,000.

Demographic Impact

Overall analysis of equity impact

80% Positive
High ConfidenceView detailed demographic breakdown ↓

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Bill History

1/8/2025
REFERRED TO AGING
Senate
1/28/2025
1ST REPORT CAL.193
Senate
2/3/2025
2ND REPORT CAL.
Senate
2/4/2025
ADVANCED TO THIRD READING
Senate

Status Information

Current Status
Introduced(1/8/2025)
Chamber
Senate

Sponsors

Democrat: 2
Republican: 1

Primary Sponsor

Cordell Cleare
Cordell Cleare
Democrat

Documents

Introduced
Bill Text1/8/20252.2 KB