Bill Text: NY S05971 | 2015-2016 | General Assembly | Amended

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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 (Republican 1-0)

Status: (Introduced - Dead) 2016-02-08 - PRINT NUMBER 5971A [S05971 Detail]

Download: New_York-2015-S05971-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         5971--A
                               2015-2016 Regular Sessions
                    IN SENATE
                                      June 14, 2015
                                       ___________
        Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules  --  recommitted  to
          the  Committee  on  Aging  in accordance with Senate Rule 6, sec. 8 --
          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 abatements
          for  dwelling units occupied by certain persons residing in rent-cont-
          rolled or rent regulated properties, and providing state aid to cities
          affected by such tax abatements
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  The section heading of section 467-b of the real property
     2  tax law, as amended by section 1 of chapter 188 of the laws of 2005,  is
     3  amended to read as follows:
     4    Tax abatement for rent-controlled and rent regulated property occupied
     5  by  senior  citizens  or  persons  with disabilities or persons paying a
     6  maximum rent or legal regulated  rent  which  exceeds  one-half  of  the
     7  combined income of all members of their household.
     8    § 2. Paragraph b of subdivision 1 of section 467-b of the real proper-
     9  ty  tax law, as amended by section 1 of chapter 188 of the laws of 2005,
    10  is amended to read as follows:
    11    b. "Head of the household" means a person (i) who is  sixty-two  years
    12  of  age  or  older,  or (ii) who qualifies as a person with a disability
    13  pursuant to subdivision five of this section, or (iii) who pays a  maxi-
    14  mum  rent or legal regulated rent which exceeds one-half of the combined
    15  income of all members  of  their  household,  and  is  entitled  to  the
    16  possession or to the use or occupancy of a dwelling unit;
    17    §  3.  Subdivision 2 of section 467-b of the real property tax law, as
    18  amended by chapter 747 of the laws of 1985, paragraph (c)  as  added  by
    19  chapter 553 of the laws of 2015, is amended to read as follows:
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11667-03-6