NY S05597 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 8 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO AGING
Pending: Senate Aging Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.

Tracking Information

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Title

Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.

Sponsors


History

DateChamberAction
2020-01-08SenateREFERRED TO AGING
2019-05-08SenateREFERRED TO AGING

Same As/Similar To

A07308 (Same As) 2020-01-08 - referred to aging

New York State Sources


Bill Comments

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