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NY S07570
Bill
Status
4/22/2025
Primary Sponsor
Cordell Cleare
Click for details
AI Summary
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Mandates that all municipal corporations in New York adopt senior citizen rent increase exemption (SCRIE) and disability rent increase exemption (DIRE) programs, converting the current optional authorization into a requirement
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Establishes a one-year deadline from the effective date for municipal corporations to adopt these tax abatement programs through local law, ordinance, or resolution following a public hearing
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Requires the adopted programs to provide abatement of municipal taxes imposed on real property containing dwelling units for eligible seniors and individuals with disabilities
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Takes effect immediately upon passage
Legislative Description
Requires all municipal corporations to adopt senior citizen rent increase exemption programs and disability rent increase exemption programs within one year.
Last Action
REFERRED TO AGING
1/7/2026