Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to aging |
Jan 05, 2011 |
referred to aging |
Senate Bill S910
2011-2012 Legislative Session
Sponsored By
(D, WF) 28th Senate District
Archive: Last Bill Status - In Senate Committee Aging Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2011-S910 (ACTIVE) - Details
- Current Committee:
- Senate Aging
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยงยง467-b & 467-c, RPT L
- Versions Introduced in 2009-2010 Legislative Session:
-
S4783
2011-S910 (ACTIVE) - Sponsor Memo
BILL NUMBER:S910 TITLE OF BILL: An act to amend the real property tax law, in relation to increasing the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement in certain cases PURPOSE: To allow the locality to raise the income eligibility limits for the Senior Citizen Rent Increase Exemption (SCRIE) program to any amount up to $50,000. SUMMARY OF PROVISIONS: Amends section 467-b of the real property tax law pertaining to SCRIE eligibility by increasing the combined household income limits that the local governing body may authorize from twenty seven thousand dollars to up to fifty thousand dollars. JUSTIFICATION: SCRIE provides a vital service by allowing senior residents of New York to remain in their homes and communities by keeping their rent affordable. To be eligible for SCRIE one must be 62 or older, the head of a household, live in a rent controlled or rent stabilized apartment or rent regulated hotel unit and their household income may not exceed $50,000. Monthly rent must also
2011-S910 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 910 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. KRUEGER -- read twice and ordered printed, and when printed to be committed to the Committee on Aging AN ACT to amend the real property tax law, in relation to increasing the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement in certain cases THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph a of subdivision 3 of section 467-b of the real property tax law, as separately amended by chapters 188 and 205 of the laws of 2005, is amended to read as follows: a. for a dwelling unit where the head of the household is a person sixty-two years of age or older, no tax abatement shall be granted if the combined income of all members of the household for the income tax year immediately preceding the date of making application exceeds four thousand dollars, or such other sum not more than [twenty-five thousand dollars beginning July first, two thousand five, twenty-six thousand dollars beginning July first, two thousand six, twenty-seven thousand dollars beginning July first, two thousand seven, twenty-eight thousand dollars beginning July first, two thousand eight, and twenty-nine thou- sand dollars beginning July first, two thousand nine,] FIFTY THOUSAND DOLLARS as may be provided by the local law, ordinance or resolution adopted pursuant to this section, provided that when the head of the household retires before the commencement of such income tax year and the date of filing the application, the income for such year may be adjusted by excluding salary or earnings and projecting his or her retirement income over the entire period of such year. S 2. Paragraph d of subdivision 1 of section 467-c of the real proper- ty tax law, as separately amended by chapters 188 and 205 of the laws of 2005, is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04043-01-1
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