LL #07-1982TOWN OF WAPPINGER
DUTCHESS COUNTY, NEW YORK
LOCAL LAW NO. 7 OF YEAR 1982
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A LOCAL LAW PROVIDING FOR A PARTIAL TAX EXCEMPTION OF REAL
PROPERTY OWNED BY CERTAIN PERSONS WITH LIMITED INCOME WHO
ARE 65 YEARS OF AGE OR OVER.
BE IT ENACTED by the Town Board of the Town Of Wappinger as follows:
A local law amending local law no. 1 of 1967, local law no. 5 of 1980
and local law no. 6. of 1980.
Section 1. Section 2(B) of Local Law no. 1 of 1967, Section 2 of
Local Law No. 5 of 1977, Local Law No. 2 of 1980 and Local Law No. 6. of
1980 are hereby amended to read as Follows:
Section 2b. The income of the owner or the combined income of the owners
of the property shall not and may not exceed the sum of Ten Thousand Five Hundred
($10,500.00) Dollars for the income Tax Year immediately preceding the date
of making the application for exemption. The income tax year shall mean the twelve
month period for which the owner or owners filed a federal personal income
tax return, or if no such return is filed, the preceding calendar year.
Where title is vested in either the husband or the wife, their combined income
may not exceed such income. Such income shall include social security and
retirement benefits, interest, dividends, net rental income, salary or
earnings, and net income from self-employment, but shall not enclude a
return of capital gifts or inheritances. Rental income and self employment
shall not be reduced by an allowance for depreciation.
Section 2. This Local Law shall take effect immediately upon
adoption and filing.