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]
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.
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
Date | Chamber | Action |
---|---|---|
2020-01-08 | Senate | REFERRED TO AGING |
2019-05-08 | Senate | REFERRED TO AGING |
Same As/Similar To
A07308 (Same As) 2020-01-08 - referred to aging