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LL #03-1991HEV YORK STATE DEPARTMENT Of STATE Local Law Filing 162 WASHINGTON AVENUE, ALBANY, NY 12231 (Use this form to file A lOCAI IAW With the Secretary of State.) Text of law should be given as amended. Do not include matter being eliminated and do not use italics or underlining to indicate new matter. @o1wu Tam of...Wa.pping2z.............................................. own ...........; ................................. Local Law No..........3......................................... of the year 199.1.... A lOCAl lAiv Laws Providing.. for... Partial. Tax Exemption ....... ........ (Insert Title) on Real Property for Eligible Senior Citizens . BeIt enacted by the ....... T.QW.1D..]D.Qj. d . ..........................................................................................of the (Name of Legislative Body) 1�4fttXt�t . n of ......Wappinger................................................................................................................. as follows: Tow TEXT COMMENCES ON NEXT PAGE. (1f additional spice is needed, allach Pages (lie same size As this sheet, and number each.) (1) i LOCAL LAW N0. 3 OF THE YEAR 1991 TOWN OF WAPPINGER ----------------------- This Local Law amends the provisions of the following local laws providing for partial tax exemptions of real property owned by certain persons with limited income who are 65 years of age or older by implementing the provisions of Chapter 991 of the Laws of 1983, Chapter 756 of the Laws of 1986, and Chapter 471 of the Laws of 1990. A local law amending Local Law No. 1 of 1967, Local Law No. 5 of 1977, Local Law No. 2 of 1980, Local Law No. 6 of 1980, Local Law No. 7 of 1982, Local Law No. 8 of 1983, and Local Law No. 4 of 1986. BE IT ENACTED by the town Board of the Town of Wappinger, Dutchess County, New York as follows: SECTION l: 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, Local Law No. 6 of 1980, Local Law No. 8, of 1983, and Section 2(b) of Local Law No. 4 of 1986 are hereby amended to read as follows: Section 2(b): The income of the owner or the combined income of the owners of the property shall not and may not exceed the sum of Fifteen Thousand ($15,000.00) 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 whieh the W 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 include a return of capital gifts or inheritances. Rental income and self- employ- ment shall not be reduced by an allowance for depreciation. SECTION 2'.: Section 2(c) of Local Law No. 8 of 1983, and Local