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NY S06965
Bill
Status
5/16/2023
Primary Sponsor
Brian Kavanagh
Click for details
AI Summary
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Amends Real Property Tax Law Section 467-c to modify eligibility for rent increase exemption orders and tax abatement in cities with populations of one million or more.
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Extends the deadline for applicants to be found eligible for tax abatement from 180 days after the subdivision's effective date to on or before March 31, 2024.
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Applies to properties formerly subject to Article II of the Private Housing Finance Law that contain dwelling units under regulatory agreements.
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Requires qualifying heads of household to have signed agreements with landlords limiting rent increases to amounts set by the rent guidelines board or other amounts in the regulatory agreement.
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Takes effect immediately upon enactment.
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
SUBSTITUTED BY A7394
6/7/2023