Bill Text: NY S05056 | 2015-2016 | General Assembly | Amended
Bill 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.
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: (Engrossed - Dead) 2016-04-11 - referred to aging [S05056 Detail]
Download: New_York-2015-S05056-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 5056--C 2015-2016 Regular Sessions IN SENATE April 29, 2015 ___________ Introduced by Sens. YOUNG, GOLDEN, LANZA, DILAN -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Housing, Construction and Community Development in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to tax abatements for dwelling units occupied by certain persons residing in rent-cont- rolled or rent regulated properties The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The section heading of section 467-b of the real property 2 tax law, as amended by section 1 of chapter 188 of the laws of 2005, is 3 amended to read as follows: 4 Tax abatement for rent-controlled and rent regulated property occupied 5 by senior citizens or persons with disabilities or persons paying a 6 maximum rent or legal regulated rent which exceeds one-half of the 7 combined income of all members of their household. 8 § 2. Paragraph b of subdivision 1 of section 467-b of the real proper- 9 ty tax law, as amended by section 1 of chapter 188 of the laws of 2005, 10 is amended to read as follows: 11 b. "Head of the household" means a person (i) who is sixty-two years 12 of age or older, or (ii) who qualifies as a person with a disability 13 pursuant to subdivision five of this section, or (iii) who pays a maxi- 14 mum rent or legal regulated rent which exceeds one-half of the combined 15 income of all members of their household, and is entitled to the 16 possession or to the use or occupancy of a dwelling unit; EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09892-07-6
