NY S08994 | 2023-2024 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on April 8 2024 - 25% progression
Action: 2024-05-07 - REPORTED AND COMMITTED TO FINANCE
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on April 8 2024 - 25% progression
Action: 2024-05-07 - REPORTED AND COMMITTED TO FINANCE
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.
Title
Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.
Sponsors
| Sen. Nathalia Fernandez [D] | Sen. Robert Jackson [D] | Sen. Shelley Mayer [D] | Sen. Jessica Ramos [D] |
| Sen. Luis Sepulveda [D] |
Roll Calls
2024-05-07 - Senate - Senate Cities 1 Committee Vote (Y: 7 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-07 | Senate | REPORTED AND COMMITTED TO FINANCE |
| 2024-04-08 | Senate | REFERRED TO CITIES 1 |
Same As/Similar To
A02389 (Same As) 2024-01-03 - referred to aging
