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Sponsors
2 Co-sponsors
History
- Reported and committed to codes
- 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.
Authorizes municipalities in Suffolk county to establish programs for senior citizen rent real property tax exemptions and abatements
In Assembly Committee · Aging · Sponsor Andrew Raia
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 a senior citizen rent exemption and tax abatement program within Suffolk county
Purpose
To authorize municipalities in Suffolk County to initiate a program whereby eligible senior citizens would receive a rent reduction as a result of a partial real property tax exemption to the senior tenant's landlord.
Summary of provisions
The bill allows municipalities in Suffolk County to adopt a local law or resolution to institute a senior citizen rent/property tax abatement program. The program would be designed to aid those renters 65 years of age or older, who reside in private, residential rental units and whose incomes fall within specified guidelines to be established by the municipality.
Eligible senior citizens would apply each year for a tax abatement certificate from the local assessor on a form prescribed by the state board of equalization and assessment.
A landlord, if he or she consented, would be required to reduce the tenant's rent on a monthly basis, in return for a partial property tax exemption granted by the municipality.
Justification
Many municipalities in Suffolk County are faced with a housing shortage, resulting in high rents and making it particularly difficult for senior citizens to afford good housing. Localities are presently prevented from adequately assisting senior citizen renters because of the absence of authorization for a rent/tax abatement program in the real property tax law. This bill would provide these municipalities with the needed flexibility to aid senior citizens, many of whom are on a fixed income and cannot keep up with the rising cost of housing.
Fiscal implications
None to the state.
Effective date
This act shall take effect immediately and shall apply to real property having a taxable status date on or after such effective date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.