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 5-0)

Status: (Introduced) 2024-05-07 - REPORTED AND COMMITTED TO FINANCE [S08994 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2024-04-08	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for New York S08994

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for New York S08994 currently on file.

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