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History
- Referred to aging
Full text
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Sponsor's memo
BILL NUMBER:S6807
Title of bill
An act to amend the real property tax law, in relation to increasing the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement in certain cases
Purpose
To increase the maximum allowable household income for the Senior Citizen Rent Increase Exemption ("SCRIE").
Summary of provisions
Section one of the amends Real Property Tax Law section 467-b(3)(a) to increase the maximum allowable household income for Senior Citizen Rent Increase Exemption ("SCRIE") from $28,000 to $35,000
Section two of the bill amends Real Property Tax Law section 467-c(1)(d) by increasing the maximum allowable income in the definition of the term "head of household" from $28,000 to $35,000
Section three of the bill provides that this act shall take effect immediately, provided that the amendments in section one will not affect the expiration of section 467-b and will expire therewith.
Existing law
Real Property Tax Law sections 467-b and 467-c provide that the maximum allowable income for SCRIE eligibility is $29,000.
Justification
Many of the senior citizens residing in the City of New York live on fixed incomes. The maximum allowable income for SCRIE eligibility has not increased since 1979. For our seniors, even the modest inflationary increase in their fixed income could cause them to be ineligible for SCRIE because the inflationary increases to their fixed income has caused their income to exceed $29,000. This bill would increase the maximum allowable income for SCRIE eligibility so that more senior citizens would be eligible for SCRIE and, thus, could be able to stay in their homes.
Legislative history
New bill
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately, provided that the amendments in section one will not affect the expiration of section 467-b and will expire therewith.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.