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NY A05232
Bill
Status
2/12/2025
Primary Sponsor
Karines Reyes
Click for details
AI Summary
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Authorizes municipalities to adopt local laws enabling automatic enrollment and reenrollment of eligible senior citizen heads of household in the tax abatement program for rent-controlled and rent-regulated properties
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Requires the commissioner to develop a system providing supervising agencies with information necessary to determine eligibility for the senior citizen tax abatement
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Creates an opt-out mechanism via a checkbox on New York State income tax returns, allowing taxpayers to decline data sharing and automatic enrollment
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Takes effect on January 1 following passage, with immediate authorization for necessary regulatory changes to implement the program
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 real property taxation
1/7/2026