NY S06473

Changes high income decontrol eligibility from requiring income to exceed the threshold "in each of" the two preceding calendar years to requiring it "FOR" the two preceding calendar years, establishing an average income standard across both years rather than requiring both years individually to exceed the threshold.

Applies this average income calculation methodology consistently across four separate rent control laws: the Emergency Housing Rent Control Law, the Emergency Tenant Protection Act of 1974, the City Rent and Rehabilitation Law, and Chapter 4 of Title 26 of the Administrative Code.

Modifies income certification and verification procedures by requiring tenants to certify whether total average annual income exceeds the deregulation threshold for the two preceding calendar years, with the Division of Housing and Community Renewal able to verify income through the Department of Taxation and Finance.

Becomes effective immediately for income certification forms served on or after January 1, 2013, with amendments expiring concurrent with their respective underlying rent control laws.