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NY S05547
Bill
Status
2/24/2025
Primary Sponsor
Cordell Cleare
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AI Summary
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Extends the expiration date of tax abatement and exemption programs for rent regulated and rent controlled properties occupied by senior citizens from June 30, 2026 to June 30, 2028
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Extends the expiration date of tax abatement and exemption programs for rent regulated and rent controlled properties occupied by persons with disabilities from June 30, 2026 to June 30, 2028
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Amends Chapter 55 of the Laws of 2014 (senior citizens provisions) and Chapter 129 of the Laws of 2014 (disability provisions) to implement the two-year extensions
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Takes effect immediately upon passage
Legislative Description
Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by senior citizens and persons with disabilities.
Last Action
REFERRED TO AGING
1/7/2026