Comments: NY A07938 | 2015-2016 | General Assembly

Bill 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.

Spectrum: Partisan Bill (Democrat 66-0)

Status: (Introduced - Dead) 2016-03-24 - print number 7938a [A07938 Detail]

Text: Latest bill text (Amended) [HTML]

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