Bill Title: Provides for annual adjustment by the commissioner of housing and community renewal of the maximum income threshold for eligibility for the senior citizens' rent increase exemption (SCRIE) and for the municipal property tax abatement for rent-controlled and rent regulated property occupied by senior citizens by any increase in the consumer price index (CPI); raises eligibility of income level to $30,000; excludes from the definition of "income" the out of pocket expenses for all medical and prescription drugs not reimbursed or paid for by insurance in determining eligibility for the real property tax exemption relating to the senior citizen rent increase exemption; provides such additional exclusions from income and the indexing are at local option. [Track Bill]

Status: 2012-01-04 - referred to aging [A08886 Detail]

Text: Latest bill text (Introduced) [HTML]

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