NY State Senate Bill 2023-S9457

Senate Bill S9457

2023-2024 Legislative Session

Makes the senior citizen rent increase exemption (SCRIE) and disability rent increase exemption (DRIE) permanent

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

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 15, 2024	referred to aging

2023-S9457 (ACTIVE) - Details

Current Committee:: Senate Aging
Law Section:: Real Property Tax Law
Laws Affected:: Amd Part U §4, Chap 55 of 2014; amd §4, Chap 129 of 2014

2023-S9457 (ACTIVE) - Summary

Makes the senior citizen rent increase exemption (SCRIE) and disability rent increase exemption (DRIE) permanent.

2023-S9457 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S9457

SPONSOR: KAVANAGH
 
TITLE OF BILL:

An act to amend part U of chapter 55 of the laws of 2014,  amending  the
real property tax law relating to the tax abatement and exemption for
rent regulated and rent controlled property occupied by  senior citi-
zens, in relation to the effectiveness thereof; and to amend chapter 129
of the laws of 2014, amending the real property tax law relating to the
tax abatement and exemption for rent regulated and rent controlled prop-
erty occupied by persons with disabilities, in relation to the effec-
tiveness thereof

 
PURPOSE:

This bill would eliminate the expiration language on setting the maximum
income threshold for the Senior Citizens Rent Increase Exemption and the
Disability Rent Increase Exemption programs

 
SUMMARY OF SPECIFIC PROVISIONS:

  Section  one  amends  Section 4 of Part U of Chapter 55 of the laws of
2014, amending the Real Property Tax Law to remove language  that  would
set an expiration on the setting of the maximum income threshold for the
Senior Citizens Rent Increase Exemption program.

  Section  two  amends  Section  4  of  Chapter 129 of the laws of 2014,
amending the Real Property Tax Law to remove language that would set  an
expiration  on the setting of the maximum income threshold for the Disa-
bility Rent Increase Exemption program.

  Section three sets forth the effective date.

 
JUSTIFICATION:

In the FY 2014-2015 enacted state budget, the maximum  income  threshold
for  the  Senior  Citizens  Rent  Increase Exemption program (SCRIE) was
increased from $29,000 to $50,000. In the same year and with the passage
of S7640/A9744 of 2014 (Chapter 129 of the laws of  2014),  the  maximum
income  threshold  for  the  Disability  Rent Increase Exemption program
(DRIE) was also  increased  from  $29,000  to  $50,000.  However,  these
increases  were subject to an expiration date and must be extended peri-
odically by amending the SCRIE/DRIE statute.

This bill would eliminate the expiration date for  setting  the  maximum
income  threshold for both SCRIE and DRIE, making permanent the increase
of maximum income threshold to $50,000 and any subsequent increases that
may be enacted in the future.

 
LEGISLATIVE HISTORY:

This is a new bill.

 
FISCAL IMPLICATIONS:  None.

 
EFFECTIVE DATE:
This act shall take effect immediately.

2023-S9457 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9457
 
                             I N  S E N A T E
 
                               May 15, 2024
                                ___________
 
 Introduced  by Sen. KAVANAGH -- read twice and ordered printed, and when
   printed to be committed to the Committee on Aging
 
 AN ACT to amend part U of chapter 55 of the laws of 2014,  amending  the
   real property tax law relating to the tax abatement and exemption  for
   rent  regulated and rent controlled property occupied by  senior citi-
   zens, in relation to the effectiveness thereof; and to  amend  chapter
   129  of  the laws of 2014, amending the real property tax law relating
   to the tax  abatement  and  exemption  for  rent  regulated  and  rent
   controlled property occupied by persons with disabilities, in relation
   to the effectiveness thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 4 of part U of chapter 55  of  the  laws  of  2014,
 amending  the  real  property  tax law relating to the tax abatement and
 exemption for rent regulated and rent controlled  property  occupied  by
 senior  citizens,  as  amended  by  chapter  292 of the laws of 2022, is
 amended to read as follows:
   § 4. This act shall take effect July 1, 2014[, and  sections  one  and
 two  of  this  act  shall  expire  and be deemed repealed June 30, 2024;
 provided that the amendment to section 467-b of the  real  property  tax
 law  made  by section one of this act shall not affect the expiration of
 such section and shall be deemed to expire therewith].
   § 2. Section 4 of chapter 129 of the laws of 2014, amending  the  real
 property  tax  law  relating to the tax abatement and exemption for rent
 regulated and rent controlled property occupied by persons with disabil-
 ities, as amended by chapter 292 of the laws of 2022, is amended to read
 as follows:
   § 4. This act shall take effect July 1, 2014 [provided, however, that:
   (a) the amendments to paragraph b of subdivision 3 of section 467-b of
 the real property tax law made by section  one  of  this  act  shall  be
 subject  to the expiration and reversion of such subdivision pursuant to
 section 17 of chapter 576 of the laws of 1974,  as  amended,  when  upon
 such  date  the provisions of section two of this act shall take effect;
 and

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD15189-02-4
 S. 9457                             2

   (b) nothing contained in this act shall be construed so as  to  extend
 the  provisions  of  this  act beyond June 30, 2024, when upon such date
 this act shall expire and the provisions contained in this act shall  be
 deemed repealed].
   § 3. This act shall take effect immediately.

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