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NY S02470
Bill
Status
1/20/2023
Primary Sponsor
John Liu
Click for details
AI Summary
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Allows municipalities that have adopted a rent-controlled/rent-regulated property tax abatement program for seniors to establish automatic enrollment and re-enrollment for eligible heads of household.
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Requires the Department of Taxation and Finance commissioner to develop a system providing supervising agencies with information necessary to determine eligibility for the tax abatement.
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Permits taxpayers to opt out of data sharing and automatic enrollment by checking a box on their income tax return (Form IT-201 or equivalent).
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Takes effect on January 1 following the date the bill becomes law, with rulemaking authority granted immediately upon enactment.
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
1/3/2024