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NY S01307
Bill
Status
1/9/2013
Primary Sponsor
Toby Stavisky
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AI Summary
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Establishes tax abatement eligibility for disabled veterans receiving disability pension or disability compensation benefits from the U.S. Department of Veterans Affairs who occupy rental property.
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Sets income limits for disabled veteran tax abatement eligibility based on the maximum income threshold for federal disability pension or disability compensation benefits, rather than supplemental security income thresholds.
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Allows income adjustment for disabled veterans who retire before the tax year begins and application filing date by excluding salary or earnings and projecting retirement income over the full year.
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Expands the definition of "person with a disability" to include individuals currently receiving veterans affairs disability benefits or those previously eligible for disability benefits who are now receiving medical assistance based on disability determination.
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Takes effect immediately, with provisions to allow Section 2 amendments to take effect upon expiration and reversion of Section 1 amendments under existing law.
Legislative Description
Authorizes a municipal corporation to allow disabled veterans who are not receiving public assistance, but who are entitled to the possession or to the use or occupancy of a dwelling unit, to be considered heads of households for purpose of eligibility for a tax abatement for rent regulated property.
Last Action
COMMITTED TO RULES
6/20/2014