NY S04282

Authorizes any municipal corporation within Suffolk County to establish a senior citizen rent exemption and tax abatement program upon adoption of a local law or ordinance after a public hearing.

Program applies to heads of household age 65 and over residing in rental premises with household incomes within limits established by each municipality.

Requires eligible seniors to apply annually to the local assessor for a tax abatement certificate and submit a landlord agreement documenting the landlord's participation in the program.

Landlords must reduce tenant rent monthly by one-twelfth of the annual exemption amount, reimburse prorated tax abatement amounts if qualifying tenants move during the taxable period, and allow all qualifying tenants to participate.

Establishes penalties of up to $100 fine and five-year disqualification from exemptions for willful false statements on applications; applies only to rental units complying with all relevant housing codes and local laws.