NY State Senate Bill 2023-S707

Senate Bill S707

2023-2024 Legislative Session

Relates to pension income and tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

download bill text pdf

Current 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

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2024	referred to aging
Jan 06, 2023	referred to aging

2023-S707 (ACTIVE) - Details

See Assembly Version of this Bill:: A1079
Current Committee:: Senate Aging
Law Section:: Real Property Tax Law
Laws Affected:: Amd §467-b, RPT L
Versions Introduced in Other Legislative Sessions:: 2013-2014: A8642
2015-2016: A861
2017-2018: A4774
2019-2020: A1312
2021-2022: A3206

2023-S707 (ACTIVE) - Summary

Relates to pension income and tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities.

2023-S707 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S707

SPONSOR: CLEARE
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to pension income
and tax abatement for rent-controlled and rent regulated property occu-
pied by senior citizens or persons with disabilities

 
PURPOSE:

This bill requires that no increases in a household member's pension or
Social Security benefits may be considered income for the purpose of
determining eligibility for the Senior Citizen Rent Increase Exemption
(SCRIE) or Disability Rent Increase Exemption (DRIE) following such
household's initial application for either program.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section one amends paragraph c of subdivision 1 of section 467-b of the
real property tax law.

Section two sets forth the effective date.

 
JUSTIFICATION:

Currently, Social Security and pension benefit increases are not consid-
ered to be income as long as they are less than the Consumer Price Index
(CPI), United States City average, for the year in question. In recent
years, the CPI has been so low that even negligible pension and Social
Security increases are countable and can render tenants ineligible for
SCRIE or DRIE.

The bill would also simplify application processing by local govern-
ments. Rather than requiring administering agencies to cross-check
potentially decades of benefit increases against the year's CPI, the
agencies would be able to use the annual pension or Social Security
benefit income when a household initially applies for determination of
eligibility for all subsequent applications.

 
LEGISLATIVE HISTORY:

2019-20: A.1312 - Referred to Aging

2017-18: A.4774 - Referred to Aging

2015-16: A.861 -Referred to Aging

2013-14: A.8642 - Referred to Aging

 
FISCAL IMPLICATIONS:

None to the State.

 
EFFECTIVE DATE:
This bill shall take effect immediately.

2023-S707 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    707
 
                        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 pension income
   and 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 c of subdivision 1 of section 467-b of  the  real
 property  tax  law,  as  amended  by chapter 500 of the laws of 2001, is
 amended to read as follows:
   c. "Income" means income from  all  sources  after  deduction  of  all
 income  and  social  security  taxes  and  includes  social security and
 retirement benefits, supplemental security income and  additional  state
 payments,  public  assistance  benefits, interest, dividends, net rental
 income, salary or earnings, and net  income  from  self-employment,  but
 shall  not  include  gifts or inheritances, payments made to individuals
 because of their status as victims of Nazi persecution,  as  defined  in
 P.L.  103-286,  or increases in benefits accorded pursuant to the social
 security act or a public or private pension paid to any  member  of  the
 household  [which  increase,  in  any  given  year,  does not exceed the
 consumer price index (all items United States city  average)]  for  such
 year  which  take  effect  after  the date of eligibility of head of the
 household receiving benefits hereunder whether received by the  head  of
 the household or any other member of the household;
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00986-01-3

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