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NY S07444

Bill

Official Source

Status

Introduced

5/17/2012

Primary Sponsor

Martin Golden

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Increases the maximum combined household income limit for senior citizens (age 62+) seeking tax abatement on rental units from $29,000 to $30,000 for those with no residing spouse
  • Establishes a new income limit of $55,000 for senior citizens (age 62+) with a residing spouse seeking tax abatement on rental units
  • Maintains the minimum income threshold of $4,000 for all applicants and allows income adjustments for those who retire before the application year
  • Takes effect immediately upon enactment but expires concurrent with the expiration of section 467-b of the real property tax law

Legislative Description

Relates to increasing the combined household income limit for eligibility for a senior citizen rent increase exemption (SCRIE) where the head of household has a resident spouse.

Last Action

REFERRED TO AGING

5/17/2012

Committee Referrals

Aging5/17/2012

Full Bill Text

No bill text available