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Sponsors
No co-sponsors yet.
History
- Referred to veterans, homeland security and military affairs
- Referred to rules
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
Makes rent re-determinations under the Senior Citizen Rent Increase Exemption Program (SCRIE) and the Disability Rent Increase Exemption Program (DRIE) retroactive to the time of the decrease in income of the household.
Summary of specific provisions
This bill will amend subdivision g of section 467-b(3)of the real property tax law by adding the following language: when a re-determination of the adjusted rent has been made pursuant to this paragraph, such re-determination shall be made retroactive to the date there was a permanent decrease in the combined income of all members of the household.
Justification
The SCRIE and DRIE programs provide exemption for low income senior citizen and disabled tenants from certain rent increases. Senior citizens and disabled citizens who lose an income earning spouse and have been benefiting from the SCRIE or DRIE programs, are entitled to a redetermination of their rent based on their now lower income. Unfortunately, because the re-determination process takes time, widowed seniors or persons with disabilities may be left paying a higher rent than they can now afford. This legislation makes the lower re-determined rent retroactive to the date of the loss of income, allowing widowed, low income seniors or persons with disabilities to maintain their apartments.
Prior legislative history
This bill was previously introduced.
Fiscal implications
None.
Effective date
This act shall take effect immediately; provided that the amendments to section 467-b of the real property tax law made by this section shall not affect the expiration of such section pursuant to section 17 of 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.