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NY A02664
Bill
Status
1/17/2013
Primary Sponsor
Keith Wright
Click for details
AI Summary
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Excludes income of household members under age 18, and under age 21 if attending accredited college or university at least part-time, from household gross income calculations for the circuit breaker credit.
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Raises the household gross income eligibility threshold from $18,000 to 200 percent of the federal poverty level.
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Increases the property value limit for owner eligibility from $85,000 to $200,000.
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Doubles the adjusted rent ceiling for tenant eligibility in cities with population of 2 million or more from $450 to $800 per month, and establishes a $600 per month limit for all other areas of the state.
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Effective immediately for taxable years beginning January 1, 2013.
Legislative Description
Amends benefits and income eligibility requirements under the real property tax circuit breaker credit.
Last Action
held for consideration in ways and means
6/17/2014