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NY S05102
Bill
Status
2/23/2021
Primary Sponsor
John Liu
Click for details
AI Summary
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Authorizes municipalities to adopt a local law, ordinance or resolution enabling automatic enrollment and reenrollment of eligible senior citizen heads of household in the real property tax abatement program for rent-controlled and rent-regulated properties.
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Requires municipalities to hold a public hearing before implementing automatic enrollment programs.
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Directs the Department of Taxation and Finance Commissioner to develop a system providing supervising agencies with information necessary to determine taxpayer eligibility for tax abatement.
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Adds an opt-out checkbox on income tax returns (Form IT-201) allowing taxpayers to decline data sharing and automatic enrollment in the program.
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Takes effect January 1 of the year following enactment, with authority for rule and regulation development to be completed by the effective date.
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 AGING
1/5/2022