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

Latest action Jan 7, 2026

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.

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Where it stands

Out of committee and scheduled for a vote by the full chamber.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A4539, the matching bill in the Assembly.

Amends the Real Property Tax Law.

Committee

Aging · New York State Assembly

Also referred to Aging · New York State Senate.

Purpose, from the sponsor's memo

To increase the maximum income allowable for senior citizen homeowners to be eligible for a tax exemption

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Committee vote · Aging
Senate AgingJan 28, 2025Result: passed
(7) (0) (0) (0)

Cosponsors

Christopher Eachus, George Alvarez and 8 more on Agora

Democratic7
Republican3

See the full list on nysenate.gov

The sponsor's argument

Why Cordell Cleare says this is needed

Many senior citizens, living on a fixed income, are eligible for a partial property tax exemption. Current maximum income for eligibility ranges between $55,700 and $58,400. Nevertheless, seniors earning between $58,400 and $75,000 still face significant financial pressures and would benefit from a partial property tax exemption.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

Jan 7, 2026
Referred to committee
REFERRED TO AGING
NY Senate
Jan 7, 2026
Referred to committee
REFERRED TO AGING
NY Assembly
Jun 13, 2025
In committee
COMMITTED TO RULES
NY Senate
Feb 4, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Feb 4, 2025
Referred to committee
REFERRED TO AGING
NY Assembly

Show full history (3 earlier events)

Feb 3, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
Jan 28, 2025
1ST Report CAL.193
1ST REPORT CAL.193
NY Senate
Jan 8, 2025
Referred to committee
REFERRED TO AGING
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 1, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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