T A B L E O F C O N T E N T S P RT I A ... - Broome County

§ 185-29 TAXATION
§ 185-31
amount of such additional tax due may be determined at any time within such extended
period. The period so extended may be further extended by subsequent consents, in
writing, made before the expiration of the extended period.
§ 185-30. When effective; expiration. [Amended 10-15-1980 by L.L. No. 9-1980;
12-6-1983 by L.L. No. 18-1983; 1-27-1987 by L.L. No. 3-1987; 11-13-1989 by L.L. No.
12-1989; 12-17-1992 by L.L. No. 1-1993; 11-21-1995 by L.L. No. 16-1995; 11-19-1998 by
L.L. No. 14-1998; 11-20-2001 by L.L. No. 10-2001; 12-28-2004 by L.L. No. 2-2005;
8-23-2007 by L.L. No. 7-2007]
The tax herein imposed shall be effective for the period of three years and shall expire on
December 31, 2010, unless further extended by subsequent action of the Broome County
Legislature.
ARTICLE IV
Senior Citizens Tax Exemption
[Adopted 9-16-1980 as L.L. No. 7-1980]
§ 185-31. Exemption granted. [Amended 11-7-1984 by L.L. No. 6-1984; 9-27-1988 by
L.L. No. 6-1988; 9-25-1990 by L.L. No. 12-1990; 4-4-1991 by L.L. No. 10-1991; 10-3-1991
by L.L. No. 14-1991; 5-15-1997 by L.L. No. 3-1997; 5-15-1997 by L.L. No. 4-1997;
6-22-2000 by L.L. No. 11-2000; 4-29-2004 by L.L. No. 9-2004]
A. To the extent that the income of the owner or combined income of the owners of real
property for the income tax year immediately preceding the date of making application
for exemption does not exceed $24,000 such real property shall be exempt from real
property taxation by the County of Broome to the extent of 50% of the assessed
valuation thereof. "Income tax year" shall mean the twelve-month period for which the
owner or owners file a federal personal income tax return or, if no return is filed, the
calendar year. Where title is vested in either the husband or wife, their combined income
may not exceed the sum of $24,000. Such income shall include social security and
retirement benefits, interest, dividends, total gain from the sale or exchange of a capital
asset which may be offset by a loss from the sale or exchange of a capital asset in the
same income tax year, net rental income, salary or earnings and net income from
self-employment, but shall not include a return of capital, gifts or inheritances. In
computing net rental income and net income from self-employment, no depreciation
deduction shall be allowed for the exhaustion, wear and tear of real or personal property
held for the production of income.
B. To the extent that the income of the owner or combined income of the owners of real
property for the income tax year immediately preceding the date of making application
for exemption exceeds $24,000 but is less than the amount set forth on the following
schedule, such real property shall be exempt from real property taxation by the County of
Broome to the extent of the percentage of the assessed valuation of said real property set
forth on the following schedule. "Income tax year" shall mean the twelve-month period
for which the owner or owners file a federal personal income tax return or, if no return is
filed, the calendar year. Where title is vested in either the husband or wife, their
185:17
05 - 15 - 2008