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NY A07394
Bill
Status
Passed
7/28/2023
Primary Sponsor
Deborah Glick
Click for details
AI Summary
- Amends real property tax law to modify eligibility requirements for rent increase exemption orders and tax abatements in cities with populations of one million or more
- Changes the deadline for applicant eligibility from within 180 days of the subdivision's effective date to on or before March 31, 2024
- Applies to properties formerly subject to Article II of the private housing finance law that contain dwelling units with regulatory agreements limiting rent increases
- Requires eligible heads of household to have signed agreements with landlords limiting maximum rent increases to amounts established by the rent guidelines board or other amounts in the regulatory agreement
- Sets the effective date of rent increase exemption orders/tax abatement certificates as May 31, 2022 for eligible applicants
Legislative Description
Relates to applicants eligible for a rent increase exemption order and abatement of taxes pursuant to certain local law, ordinance or resolution in a city with a population of one million or more; provides that such applicants shall be those found eligible before 03/31/2024.
Last Action
signed chap.232
7/28/2023
Committee Referrals
Cities 15/31/2023
Rules5/24/2023
Ways and Means5/23/2023
Real Property Taxation5/19/2023
Full Bill Text
No bill text available