For the Nassau County assessment roll and for the New York City assessment roll the residential properties for the residential ratio are designated as major type 1 (real property class 1) instead of as major type A.
A. The death benefit is a lump sum, paid upon the death of a person who worked long enough to qualify for Social Security benefits. It goes to a surviving spouse who was living in the person's household at the time of death, or, if living apart, was receiving certain Social Security benefits on the deceased's record.
ï· Provincial tax credits may also be available. ï§ Claims a tax credit for all life insurance policy premiums paid after the donation. ï§ At the insured personâs death, the death benefit is: ï· Paid tax-free to the charity. ï· Not treated as a donation. o An individual: ï§ Owns a life insurance policy on their own life. ï§ Names a charity as the beneficiary.