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NY S06305

Bill

Official Source

Status

Introduced

4/12/2023

Primary Sponsor

Cordell Cleare

Click for details

Origin

Senate

2023-2024 General Assembly

AI Summary

  • Amends Real Property Tax Law Section 467-b to require (rather than authorize) municipal corporations to adopt senior citizen and disability rent increase exemption programs
  • Changes the governing body's authority from optional ("authorized and empowered to") to mandatory ("shall adopt") for implementing these tax abatement programs
  • Establishes a one-year deadline from the bill's effective date for municipalities to adopt the required local law, ordinance, or resolution
  • Programs must provide tax abatement on real property containing dwelling units and follow procedures outlined in Section 467-b
  • Requires public hearing before adoption of any tax abatement program

Legislative Description

Requires all municipal corporations to adopt senior citizen rent increase exemption programs and disability rent increase exemption programs within one year.

Last Action

REFERRED TO AGING

1/3/2024

Committee Referrals

Aging4/12/2023

Full Bill Text

No bill text available