S 5175 New York Senate · 2025 Regular Session

Relates to exemptions from real property taxes for senior citizens

Summary

Authorizes localities to provide for an additional real property tax exemption for senior citizens who meet the income eligibility limits and other criteria to the extent of sixty-five percent of the assessed valuation of such real property.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 19, 2025 Last action Jun 11, 2025

Maddy AI version diff · 1 comparison

What changed between versions

S5175 → S5175A · 3 edits

MINOR

This bill was amended to update its effective date from January 1, 2025 to January 1, 2026, and to add a committee discharge status indicating the bill has been reviewed and returned to committee for further action. The core tax exemption provisions remain unchanged.

Scope change

The bill now applies to taxable years beginning on and after January 1, 2026 instead of January 1, 2025, delaying the implementation of the senior citizen real property tax exemption by one year.

TIMELINE

Changed the effective date of the tax exemption from January 1, 2025 to January 1, 2026, delaying when seniors can benefit from the tax relief.

REQUIREMENT

Added committee discharge status showing the bill was reviewed and returned to the Committee on Aging for further consideration.

TECHNICAL

Updated bill number from S5175 to S5175-A to reflect the amendment version.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 1, 2025

Upper · Passed

PRINT NUMBER 5175A

upper

Apr 1, 2025

Upper · Passed

AMEND AND RECOMMIT TO AGING

upper

Feb 19, 2025

Committee

REFERRED TO AGING

upper

1 primary · 5 co-sponsors