NY S06459

Amends the real property tax law to establish tiered income thresholds for rent increase exemptions based on the type of disability benefits received by the head of household

Sets income limits for tax abatement eligibility: $50,000 for general disability cases, $29,000 for those receiving Social Security Disability Insurance (SSDI) or medical assistance-based disability benefits, and federal benefit eligibility thresholds for SSI and VA disability recipients

Allows municipalities to adopt local laws permitting higher income thresholds for SSDI, medical assistance, and VA disability pension recipients beyond the standard SSI eligibility limits

Permits income adjustments for households where the head of household retires before the tax year, allowing exclusion of salary/earnings and projection of retirement income for the full year

Takes effect 120 days after becoming law, with municipalities not required to enact new local laws if they have already adopted provisions under existing law and choose to continue using them