L.L. 1992/008

Enactment date: 1/6/1992

Int. No. 778-A

By the Speaker (Council Member Vallone) and Council Members Berman, Alter, Pinkett and Maloney; also Council Members Dear, DeMarco, DiBrienza, Dryfoos, Eisland, Fisher, Friedlander, Greitzer, Harrison, Horwitz, Koslowitz, Leffler, Lisa, McCaffrey, Michels, Povman, Rivera, Robles, Spigner, Ward, Williams, Wooten and Cerullo III (Passed under a message of necessity from the Mayor)

A Local Law to repeal section 167 of the New York City Charter and to amend the Administrative Code of the City of New York, in relation to increasing the graduated income eligibility level for the granting of partial exemptions from real property taxation to certain persons sixty-five years of age or over.

Be it enacted by the Council as follows:

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[Consolidated provisions are not included in this Appendix A]

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§ 2. Notwithstanding any provision of this local law, any exemption granted pursuant to section 167 of the New York City Charter on the latest completed assessment roll prior to the effective date of this local law shall remain in effect until June 30, 1992 in accordance with such section.

§ 3. This local law shall take effect on January 1, 1992 and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after January 1, 1992.