Includes in definition of income all sources after deduction of all medical and prescription drugs not reimbursed or paid by insurance

2 Co-sponsors

• Eric Adams
• Kevin S. Parker

Title of bill

An act to amend the real property tax law, in relation to excluding certain expenditures for medical care from the definition of "income" for the purpose of a tax abatement for rent-controlled and rent regulated property occupied by senior citizens

Purpose or general idea of bill

Excludes certain medical expenses from the definition of "income" when determining eligibility for the Senior Citizen Rent Increase Exemption Program.

Summary of specific provisions

Amends paragraph c of subdivision 1 of section 467-b of the real property tax law as amended by chapter 366 of the Laws of 1988, to exclude all medical and prescription drug expenses not reimbursed or paid for by insurance, from the definition of "income" for the purpose of determining eligibility for the Senior Citizen Rent Increase Exemption (SCRIE) Program.

Justification

For many senior citizens living on a fixed income, medical treatment and prescription drug costs not covered by insurance represents a financial burden that affects their standard of living. With the cost of living constantly rising, i.t is important that new and innovative approaches be explored in regard to providing assistance to this population. It is the intent of this legislation to provide such assistance by enabling more seniors to be eligible for SCRIE.

Prior legislative history

2009: A.1800/S.2210 - Veto 12 2007-08: A.10045 - Passed Assembly 2005-06: A.2242 - Passed Assembly

Fiscal implications

To be determined.

Effective date

This act shall take effect immediately provided that the amendment to paragraph c of subdivision 1 of section 467-b of the real property tax law made by section 1 of this act shall not affect the expiration of certain provisions contained therein as enacted by chapter 567 of the laws of 1974, as last extended.