Loading chat...
NY S00644
Bill
Status
1/9/2013
Primary Sponsor
Toby Stavisky
Click for details
AI Summary
-
Amends the senior citizens' rent increase exemption (SCRIE) program to change the income threshold from one-third to one-fourth of household combined income.
-
Modifies real property tax law section 467-b to apply tax abatements when rent exceeds one-fourth (rather than one-third) of household income for senior citizens in rent-regulated or rent-controlled units.
-
Changes apply to both households where the head does not receive shelter allowance under social services law and to calculations of rent increases relative to income.
-
Takes effect immediately upon enactment, with amendments expiring when section 467-b expires.
Legislative Description
Provides that the tax abatements for certain rent-controlled and rent-regulated property occupied by senior citizens commonly known as the senior citizens' rent increase exemption (SCRIE) shall be applicable where the rent constitutes more than one-fourth rather than one-third of the tenant's income.
Last Action
REFERRED TO AGING
1/8/2014