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Who cares
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Sponsors
8 Co-sponsors
28 Multi-sponsors
- Peter Abbate
- Jeffrion Aubry
- Jonathan Bing
- James F. Brennan
- Alec Brook-Krasny
- Kevin Cahill
- William Colton
- Steven Cymbrowitz
- Francine DelMonte
- Michael Gianaris
- Deborah Glick
- Richard Gottfried
- Rhoda Jacobs
- Susan John
- Margaret Markey
- John McEneny
- Joan Millman
- Catherine Nolan
- Daniel O'Donnell
- Felix Ortiz
- N. Nick Perry
- Audrey Pheffer
- Adam Clayton Powell IV
- Jose Rivera
- Annette Robinson
- Helene Weinstein
- Harvey Weisenberg
- Keith L.T. Wright
History
- Print number 516a
- Amend and recommit to aging
- Referred to aging
- Referred to aging
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Increases allowable maximum income of persons occupying rental units otherwise eligible for tax abatement in certain cases
In Senate Committee · Finance · Sponsor Ruben Diaz
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A516A
Title of bill
An act to amend the real property tax law, in relation to increasing the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement in certain cases
Purpose
To allow localities to raise the income eligibility limits for the Senior Citizen Rent Increase Exemption (SCRIE) program to any amount up to $50,000.
Summary of provisions
Amends section 467-b of the real property tax law pertaining to SCRIE eligibility by increasing the combined household income limits that the local governing body may authorize from twenty-four thousand dollars up to fifty thousand dollars.
Justification
SCRIE provides a vital service by allowing senior residents of New York to remain in their homes and communities by keeping their rent affordable. To be eligible for SCRIE one must be 62 or older, the head of a household, live in a rent controlled or rent stabilized apartment or rent regulated hotel unit and their household income may not exceed $24,000. Monthly rent must also exceed one third of monthly household income.
The cost of living in New York City makes it difficult for many seniors to make ends meet. Not only low income, but also middle income seniors feel the burden of the escalating costs in rent. This bill would authorize the locality to increase the income eligibility level to any amount up. to $50,000 and can therefore provide not only financial relief to a growing number of seniors but will also allow them to remain in their current residences.
This bill is not a local mandate. Localities can determine the amount of the increase, if any.
Legislative history
2009: A00516 (Kavanagh)-Aging 2008: A08033 (Kavanagh)-Aging 2007: A08033 (Kavanagh)-Aging 2006: A01161 (Grannis)-Aging 2005: A01161 (Grannis)-Ways & Means 2004: A02264 (Grannis)-Ways & Means 2003: A02265 (Grannis)-Aging 2002: A06255C (Grannis)-Passed Assembly 2001: A06255B (Grannis)--Passed Assembly
Fiscal impact on the state
None; fiscal implications at local level determined by localities.
Effective date
This act shall take effect immediately, provided, however, that the amendments to section 467-b of the real property tax law made by section one of this act shall not affect the expiration of
such section pursuant to chapter 576 of the laws of 1974, as amended, and shall be deemed to expire therewith.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.