Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to aging |
Jan 06, 2023 |
referred to aging |
Senate Bill S706
2023-2024 Legislative Session
Sponsored By
(D) 30th 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
2023-S706 (ACTIVE) - Details
2023-S706 (ACTIVE) - Sponsor Memo
BILL NUMBER: S706 SPONSOR: CLEARE TITLE OF BILL: An act to amend the real property tax law, in relation to redetermi- nation based on income for a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabili- ties PURPOSE: This bill requires that the frozen rent of a recipient of the Senior Citizen Rent Increase Exemption (SCREE) or Disability Rent Increase Exemption (DRIE) only be increased by the administering agency if the recipient household's income experiences a permanent increase of at least twenty percent. SUMMARY OF SPECIFIC PROVISIONS: Section one amends paragraph g of subdivision 3 of section 467-b of the real property tax law
2023-S706 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 706 2023-2024 Regular Sessions I N S E N A T E January 6, 2023 ___________ Introduced by Sen. CLEARE -- 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 redetermi- nation based on income for a 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: Section 1. Paragraph g of subdivision 3 of section 467-b of the real property tax law, as amended by chapter 553 of the laws of 2015, is amended to read as follows: g. notwithstanding any other provision of law to the contrary, where a head of the household holds a current, valid tax abatement certificate and[, after the effective date of this paragraph,] there is a permanent INCREASE OR decrease in the combined income of all members of the house- hold in an amount which exceeds twenty percent of such income as repres- ented in such head of the household's last approved application for a tax abatement certificate or for renewal thereof, such head of the household may apply for a redetermination of the amount set forth there- in. SUCH DETERMINATION MAY ALSO BE UNDERTAKEN BY THE CITY RENT AGENCY. Upon [application] REDETERMINATION, such amount shall be redetermined so as to re-establish the ratio of adjusted rent to income which existed at the time of approval of such head of the household's last application for a tax abatement certificate or for renewal thereof; provided, howev- er, that in no event shall the amount of the adjusted rent be redeter- mined to be (i) in the case of a head of the household who does not receive a monthly allowance for shelter pursuant to the social services law, less than one-third of the combined income of all members of the household unless such head of the household has been granted a rent increase exemption order that is in effect as of January first, two thousand fifteen or takes effect on or before July first, two thousand EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00955-01-3
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.