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NY S09457
Bill
Status
5/15/2024
Primary Sponsor
Brian Kavanagh
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AI Summary
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Amends the 2014 law establishing tax abatement and exemption for rent-regulated and rent-controlled property occupied by senior citizens by removing the June 30, 2024 expiration date, making the program permanent.
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Amends the 2014 law establishing tax abatement and exemption for rent-regulated and rent-controlled property occupied by persons with disabilities by removing the June 30, 2024 expiration date, making the program permanent.
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Eliminates the sunset provisions that would have allowed both programs to expire and be repealed as of June 30, 2024.
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Takes effect immediately upon enactment.
Legislative Description
Makes the senior citizen rent increase exemption (SCRIE) and disability rent increase exemption (DRIE) permanent.
Last Action
REFERRED TO AGING
5/15/2024