# New York S 121: 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

New York S 121, 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, is a 2025-2026 Regular Session Senate bill sponsored by Cordell Cleare (Democratic); status in committee, last action 2026-01-07 (REFERRED TO AGING) (as of 2026-10-15).

- Canonical: https://policyrisk.com/state-bill/NY-S121-2025
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New York S 121
- State: New York
- Session: 2025-2026 Regular Session
- Title: 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
- Status: in committee
- Chamber: Senate
- Introduced: 2025-01-08
- Last action: 2026-01-07, REFERRED TO AGING
- Sponsor: Cordell Cleare (Democratic)
- Cosponsors: 0
- Subjects: Aging
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Cordell Cleare (Democratic), Senate

## Actions (6)

- 2026-01-07: REFERRED TO AGING (Senate)
- 2025-06-13: COMMITTED TO RULES (Senate)
- 2025-02-04: ADVANCED TO THIRD READING (Senate)
- 2025-02-03: 2ND REPORT CAL. (Senate)
- 2025-01-28: 1ST REPORT CAL.193 (Senate)
- 2025-01-08: REFERRED TO AGING (Senate)

## Bill text

- Original, 2024-12-18: [PDF](https://legislation.nysenate.gov/pdf/bills/2025/S121)

## Related bills

- A 5578: Extends eligibility for real property tax exemptions to certain veterans (signed)
- A 3450: Relates to defining "period of war" for the alternative veterans' exemption (signed)
- A 10921: Relates to exempting disabled veterans from certain fees relating to physical modification of a residence to accommodate a disability (signed)
- S 9051: Prohibits artificial intelligence companions from using features which are considered unsafe for minors (signed)
- A 5175: Requires certain security features and warning labels on baby monitors (signed)
- S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer (signed)

## Sources
- [Original (PDF)](https://legislation.nysenate.gov/pdf/bills/2025/S121)

## Related
- [A 5578: Extends eligibility for real property tax exemptions to certain veterans](https://policyrisk.com/state-bill/NY-A5578-2025)
- [A 3450: Relates to defining "period of war" for the alternative veterans' exemption](https://policyrisk.com/state-bill/NY-A3450-2025)
- [A 10921: Relates to exempting disabled veterans from certain fees relating to physical m…](https://policyrisk.com/state-bill/NY-A10921-2025)
- [S 9051: Prohibits artificial intelligence companions from using features which are cons…](https://policyrisk.com/state-bill/NY-S9051-2025)
- [A 5175: Requires certain security features and warning labels on baby monitors](https://policyrisk.com/state-bill/NY-A5175-2025)
- [S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer](https://policyrisk.com/state-bill/NY-S10643-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NY-S121-2025 (as of 2026-10-15).