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NY A09516
Bill
Status
6/16/2010
Primary Sponsor
Mark Weprin
Click for details
AI Summary
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Amends real property tax law sections 467-b and 467-c to allow municipalities to exclude unreimbursed medical and prescription drug expenses from income calculations for senior citizen tax abatement programs on rent-controlled and rent-regulated properties.
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Requires a municipality's governing board to adopt a local law, ordinance, or resolution after a public hearing to enable the medical expense deduction for eligible seniors.
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Applies to medical and prescription drug expenses that were actually paid and not reimbursed or covered by insurance.
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The amendment to section 467-b expires with the expiration of that section; the amendment to section 467-c takes effect immediately.
Legislative Description
Excludes expenditures for medical care not covered by insurance from the definition of "income" for the purpose of a real property tax abatement for rent-controlled and rent regulated property occupied by senior citizens.
Last Action
REFERRED TO RULES
6/16/2010