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- Referred to aging
- Referred to aging
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Sponsor's memo
BILL NUMBER:S3865
Title of bill
An act to amend the real property tax law, in relation to increasing the combined household income limit for eligibility for a senior citizen rent increase exemption (SCRIE) and for a municipal property tax abatement for rent-controlled and rent regulated property occupied by senior citizens on the basis of the consumer price index
Purpose
Increases the maximum income allowable for the senior citizen rent increase exemption (SCRIE) annually to reflect increases in the regional Consumer Price Index (CPI).
Summary of provisions
Section one of this legislation amends paragraph a of subdivision 3 of § 467-b of the Real Tax Property Law by directing the commissioner of the State Division of Housing and Community Renewal to annually increase the maximum income allowable for the tax abatement based on the regional CPI.
Section two amends paragraph d of subdivision 1 of § 467-c of the Real Property Tax law, changing the "eligible head of household" definition to reflect such an increase.
Justification
The "Senior Citizen Rent Increase Exemption" program (SCRIE) grants certain exemptions from rent increases to tenants who are senior citizens. This legislation will ensure that senior citizens are not displaced from their homes due to increased rent costs. As rents increase, the SCRIE program stabilizes the amount that eligible seniors pay so they can afford to remain in their homes. Annually increasing the income level for senior citizens eligible for SCRIE would allow many more seniors to benefit from this program.
Fiscal implications
To Be Determined.
Legislative history
01/09/13 REFERRED TO AGING 01/08/14 REFERRED TO AGING 2011-12: S.1372 - Referred to Aging 2009-10: S.1134 - Referred to Aging; Finance 2007-08: S.2925 - Referred to Aging 2005-06: S.956 - Referred to Aging; Motion to Petition Lost 4/11/05 2003-04: S.2187 - Referred to Aging 2002: S.5660 - Referred to Aging
Effective date
Takes effect immediately upon enactment.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.