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NY A01475
Bill
Status
1/11/2021
Primary Sponsor
Karines Reyes
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AI Summary
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Municipalities that have adopted a local tax abatement program for rent-controlled and rent-regulated properties occupied by seniors may adopt a new local law authorizing automatic enrollment in the program.
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The supervising agency may automatically enroll and reenroll eligible heads of household in the tax abatement program unless they opt out of enrollment.
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The tax commissioner shall develop a system to provide supervising agencies with information necessary to determine eligibility for tax abatement under this section.
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A check box shall be added to income tax returns (Form IT-201) allowing taxpayers to opt out of data sharing and automatic enrollment.
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The act takes effect on January 1st following enactment, with regulations authorized to be implemented immediately upon passage.
Legislative Description
Implements automatic enrollment for the tax abatement program for rent-controlled and rent-regulated property occupied by senior citizens; provides for a check box for a taxpayer to opt-out of data sharing and automatic enrollment on their tax return.
Last Action
referred to real property taxation
1/5/2022