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NY S01930
Bill
Status
1/9/2013
Primary Sponsor
Joseph Addabbo
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AI Summary
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Amends the definition of "income" under the Senior Citizen Rent Increase Exemption (SCRIE) program to exclude social security benefits and supplemental security income payments if a municipality's governing board adopts a local law, ordinance, or resolution electing such exemption after a public hearing.
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Applies the exclusion to both section 467-b (one SCRIE program) and section 467-c (another rent increase exemption program) of the real property tax law.
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Allows municipalities to independently decide whether to exclude these benefit payments from income calculations used to determine senior citizen eligibility for rent increase exemptions.
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Takes effect immediately, except for amendments to section 467-b which expire when that section expires.
Legislative Description
Excludes social security payments and supplemental security income from the definition of "income" for the purposes of determining eligibility under the senior citizen rent increase exemption (SCRIE).
Last Action
REFERRED TO AGING
1/8/2014