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History
- Recommit, enacting clause stricken
- Referred to veterans, homeland security and military affairs
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.84
- Referred to veterans, homeland security and military affairs
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.
Authorizes a tax abatement for certain real property occupied by disabled veterans
In Assembly Committee · Real Property Taxation · Sponsor Grace Meng
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 authorizing a tax abatement for certain rental property occupied by disabled veterans
Purpose or general idea of bill
To give municipalities that have rent controlled or rent stabilized dwelling units the power to extend the tax abatement law, which now applies only to senior citizens, to disabled veterans who qualify under the income eligibility provision.
Summary of specific provisions
The Section heading and paragraph b of subdivision 1 of section 467 b of the real property tax law as amended by section 1 of chapter 188 of the laws of 2005 are amended.
A municipality is empowered to pass a local law, ordinance, or resolution granting a partial tax abatement to persons sixty-two years or older who live in dwelling units subject to rent control or rent stabilization where the increase over the legal regulated rent exceeds one third of the householder's income.
Eligibility is tied to a household income ceiling of not more that six thousand five hundred dollars. This amendment extends this tax abatement formula to disabled veterans who live in rent controlled or rent stabilized apartments.
Justification
This bill is a natural and appropriate extension to the tax abatement for senior citizens who live in rent controlled or rent stabilized dwelling units. Many disabled veterans live on fixed incomes. The devastation of inflation hurts the disabled veteran no less than the senior citizen. Affected language need not be used to argue for the passage of this bill. Simply put, these men and women deserve a decent standard of living. Those municipalities sensitive to disabled veterans' needs should have this enabling legislation.
Prior legislative history
This bill was introduced in prior legislative sessions.
Fiscal implications
This bill simply authorizes a locality to provide an exemption.
Effective date
Immediately provided that the amendments made to section 467 -b of the real property tax law made by section one of this act shall be subject to the expiration and reversion of such section pursuant to section 17 of chapter 576 of the laws of 1974, as amended, when upon such date the provisions of section two of this act shall take effect.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.