What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Advanced to third reading
- 2nd report cal.
- 1st report cal.549
- Print number 1012b
- Amend and recommit to aging
- Print number 1012a
- Amend and recommit to aging
- Referred to aging
- Reported and committed to finance
- Referred to aging
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the real property tax law, in relation to determining the combined household income limit for eligibility for a tax abatement for rent-controlled and rent regulated property occupied by senior citizens; and repealing certain provisions of such law relating thereto
Summary
This bill would amend the real property tax law, as amended by chapters 145 and 166 of the laws of 1992. This bill would allow municipalities the option to alter the participant eligibility criteria by raising the income ceilings in direct proportion to the percent increase in the Consumer Price Index on an annual basis. This bill designates that the state department of labor shall notify each municipality to which this bill applies, of the consumer price index as reported by the United States Department of Labor.
Justification
By initiating an automatic increase, this would eliminate the need to introduce a different bill each session, in order to increase the ceiling, to reflect the increase in the cost of living for senior citizens.
Fiscal implication
None to the State.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.