Bill Text: NY A00058 | 2015-2016 | General Assembly | Amended
Bill Title: Makes reclassification of rent controlled dwelling retroactive to time of decrease in income of members of household of dwelling.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Introduced - Dead) 2016-01-25 - print number 58a [A00058 Detail]
Download: New_York-2015-A00058-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 58--A 2015-2016 Regular Sessions IN ASSEMBLY (Prefiled) January 7, 2015 ___________ Introduced by M. of A. ROZIC, CYMBROWITZ, RIVERA -- Multi-Sponsored by -- M. of A. COOK -- read once and referred to the Committee on Aging -- recommitted to the Committee on Aging in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph g of subdivision 3 of section 467-b of the real 2 property tax law, as amended by chapter 553 of the laws of 2015, is 3 amended to read as follows: 4 g. notwithstanding any other provision of law to the contrary, where a 5 head of the household holds a current, valid tax abatement certificate 6 and, after the effective date of this paragraph, there is a permanent 7 decrease in the combined income of all members of the household in an 8 amount which exceeds twenty percent of such income as represented in 9 such head of the household's last approved application for a tax abate- 10 ment certificate or for renewal thereof, such head of the household may 11 apply for a redetermination of the amount set forth therein. Upon appli- 12 cation, such amount shall be redetermined so as to re-establish the 13 ratio of adjusted rent to income which existed at the time of approval 14 of such head of the household's last application for a tax abatement 15 certificate or for renewal thereof; provided, however, that in no event 16 shall the amount of the adjusted rent be redetermined to be (i) in the 17 case of a head of the household who does not receive a monthly allowance 18 for shelter pursuant to the social services law, less than one-third of 19 the combined income of all members of the household unless such head of 20 the household has been granted a rent increase exemption order that is EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00631-03-6
