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NY A05122
Bill
Status
3/2/2023
Primary Sponsor
Karines Reyes
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AI Summary
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Authorizes municipalities that have adopted a rent-controlled/rent-regulated tax abatement program to automatically enroll and reenroll eligible senior citizen heads of household in the tax abatement program unless they opt out.
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Requires the tax commissioner to develop a system providing supervising agencies with information necessary to determine taxpayer eligibility for tax abatements under this section.
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Mandates a check box on income tax returns (under tax law section 651) allowing taxpayers to opt out of data sharing and automatic enrollment.
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Takes effect January 1 of the year following enactment, with authority for immediate adoption of necessary rules and regulations for implementation.
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
1/3/2024