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NY S07610
Bill
Status
5/11/2016
Primary Sponsor
Toby Stavisky
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AI Summary
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Increases income threshold for tax abatement eligibility for senior citizens (age 62+) with rent-controlled or rent-regulated property from $50,000 to $55,000 beginning July 1, 2016
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Increases income threshold for tax abatement eligibility for persons with disabilities with rent-controlled or rent-regulated property from $50,000 to $55,000 beginning July 1, 2016
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Applies to combined household income in the income tax year immediately preceding the application date
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Amendments expire on the same date as the underlying paragraphs they modify in real property tax law section 467-b
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Takes effect immediately upon enactment
Legislative Description
Relates to increasing the tax abatement income limit for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities to fifty-five thousand dollars beginning July first, two thousand sixteen.
Last Action
REFERRED TO AGING
5/11/2016