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NY S04879
Bill
Status
3/3/2017
Primary Sponsor
Ruben Diaz
Click for details
AI Summary
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Amends the definition of "income" in the real property tax law to allow deduction of unreimbursed medical and prescription drug expenses for senior citizens receiving rent-controlled and rent-regulated property tax abatements
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Applies to sections 467-b and 467-c of the real property tax law, permitting municipalities to offset income by actual medical expenses not covered by insurance
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Requires municipalities to adopt a local law, ordinance, or resolution after a public hearing to allow the medical expense deduction
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Takes effect immediately, with the amendment to section 467-b expiring on the same date as that section's original expiration
Legislative Description
Excludes expenditures for medical care not covered by insurance from the definition of "income" for the purpose of a real property tax abatement for rent-controlled and rent regulated property occupied by senior citizens.
Last Action
REFERRED TO AGING
3/3/2017