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S5721Senate2015-2016 SessionSame asA7914

Relates to determining the rent increase exemption amount for individuals in a city with a population of one million or more

Sponsor Diane J. SavinoSD-23+8 co-sponsorsAffects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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History

  1. Signed chap.553
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Ordered to third reading rules cal.627
  6. Substituted for A7914A
  7. Referred to ways and means
  8. Delivered to assembly
  9. Passed senateVote 63–0
  10. Ordered to third reading cal.1714
  11. Committee discharged and committed to rules
  12. Print number 5721a
Show 2 earlier actions
  1. Amend (t) and recommit to aging
  2. 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.

A7914Assembly

Relates to determining the rent increase exemption amount for individuals in N.Y. city

Assembly Floor Calendar · Sponsor Steven Cymbrowitz

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S5721A

Title of bill

An act to amend the real property tax law and the administrative code of the city of New York, in relation to the tax abatement and exemption of rental units occupied in part by certain persons sixty-two years of age and older or persons with disabilities

Purpose or general idea of bill

The purpose of this bill is to prevent seniors and persons with disabilities from being dropped from the SCRIE/DRIE program.

Summary of specific provisions

This bill would grandfather in anyone in the program as of January 1,2015 even if their rent does not meet the 1/3 ratio requirement.

Justification

It has come to our attention that calculation of the ratio of rent to income to determine SCRIE/DRIE eligibility and amounts was not done appropriately by the administering agency. With a recent computer upgrade, it was discovered that thousands of seniors and persons with disabilities are either paying too little in rent or are not eligible for the program anymore at all. Rather than penalize those seniors and persons with disabilities who have reapplied for the program and followed all guidelines, this bill would grandfather in these individuals. Going forward, new applicants would be subject to the 1/3 ratio of rent to income.

Prior legislative history

New bill.

Fiscal implications

To be determined.

Effective date

Immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.