NY State Senate Bill 2025-S1457A

Senate Bill S1457A

2025-2026 Legislative Session

Provides for adjustment of the maximum income threshold for eligibility for SCRIE, DRIE, SCHE and DHE by any increase in the consumer price index

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Current Bill Status - In Senate Committee Finance 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
Feb 03, 2025	print number 1457a
Feb 03, 2025	amend (t) and recommit to finance
Jan 28, 2025	reported and committed to finance
Jan 10, 2025	referred to aging

Votes

- Jan 28, 2025 - Aging Committee Vote
  S1457A
  
  7
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Aging Committee Vote: Jan 28, 2025
      
      aye (7)
      
      Ashby
      
      Cleare
      
      Felder
      
      Kavanagh
      
      Martinez
      
      Rolison
      
      Serrano

Bill Amendments

Original

A (Active)

co-Sponsors

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2025-S1457 - Details

See Assembly Version of this Bill:: A5344
Current Committee:: Senate Finance
Law Section:: Real Property Tax Law
Laws Affected:: Amd §§467-b, 467-c, 467 & 459-c, RPT L; amd Part U §5, Chap 55 of 2014; amd §4, Chap 129 of 2014
Versions Introduced in Other Legislative Sessions:: 2009-2010: S1134
2011-2012: S1372
2013-2014: S1218
2015-2016: S3865
2017-2018: S4493, S7069
2019-2020: S2363
2021-2022: S2897
2023-2024: S2960

2025-S1457 - Summary

Provides for adjustment of the maximum income threshold for eligibility for the senior citizen rent increase exemption (SCRIE), disability rent increase exemption (DRIE), senior citizen homeowners' exemption (SCHE), and disabled homeowners' exemption (DHE) by any increase in the consumer price index (CPI).

2025-S1457 - Sponsor Memo

                                 
BILL NUMBER: S1457

SPONSOR: KAVANAGH
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to increasing the
combined household income limit for eligibility for a senior citizen
rent increase exemption (SCRIE), disability rent increase exemption
(DRIE), senior citizen homeowners' exemption (SCHE), and disabled home-
owners' exemption (DHE) on the basis of the consumer price index

 
PURPOSE OR GENERAL IDEA OF BILL:

This bill sets the maximum income threshold for SCRIE, DRIE, SCHE, and
DHE at $61,000 and would require the threshold to be increased according
to consumer price index adjustments going forward.

 
SUMMARY OF PROVISIONS:

This bill amends section 467-b, section 467-c, section 467, and section
459-c of the Real Property Tax Law with the same language.

Section 1 amends paragraph a of subdivision 3 of section 467-b of the
real property tax law to set the maximum income threshold to be eligible
for the Senior Citizens Rent Increase Exemption (SCRIE) benefit at
$61,000 beginning July 1, 2024. The maximum income threshold shall also
be increased annually by order of the NYS Homes and Community Renewal
commissioner to reflect any increases in the consumer price index estab-
lished for the most recent preceding calendar year. The New York-Ne-
wark-Jersey City, NY-NJ-PA consumer price index (CPI-U) shall be used
for New York City and for any municipality that has adopted SCRIE in the
counties of Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and
Westchester. The Northeast Region consumer price index shall be used for
any other municipality that adopts SCRIE.

Section 1 also amends paragraph b of subdivision 3 of section 467-b of
the real property tax law to set the same 2024 maximum income threshold
and annual CPI increases for the Disability Rent Increase Exemption
(DRIE).

Section 2 amends paragraph d of subdivision 1 of section 467-c of the
real property tax law to set the same 2024 maximum income threshold and
annual CPI increases for SCRIE for residents of Battery Park City.

Section 2 amends paragraph m of subdivision 1 of section 467-c of the
real property tax law to set the same 2024 maximum income threshold and
annual CPI increases for DRIE for residents of Battery Park City.

Section 3 amends subparagraph (i) of paragraph (a) of subdivision 3 of
section 467 of the real property tax law to set the same 2024 maximum
income threshold and annual CPI increases for the Senior Citizen Home-
owners' Exemption (SCHE).

Section 4 amends subparagraph (i) of paragraph (a) of subdivision 5 of
section 459-c of the real property tax law to set the same 2024 maximum
income threshold and annual CPI increases for the Disabled Homeowners'
Exemption (DHE).

Section 5 sets forth the effective date.
 
JUSTIFICATION:c

According to the U.S. Inflation Calculator for the New York-Newark-Jer-
sey City metropolitan area-the Consumer Price Index for All Urban
Consumers (CPI-U) that is used for all the areas in New York that
currently offers the Senior Citizens Rent Increase Exemption (SCRIE),
the Disability Rent Increase Exemption (DRIE), the Senior Citizen Home-
owners' Exemption (SCHE), and the Disabled Homeowners' Exemption
(DHE)-$50,000 in 2014 dollars would cost $61,000 in 2024 dollars.

In the FY 2014-2015 enacted state budget, the maximum income threshold
for 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 DRIE was also increased from
$29,000 to $50,000. And in 2022, the passage of S3085A/A3956A of 2022
(Chapter 488 of 2022) raised the maximum income threshold for SCHE and
DHE from $29,000 to $50,000. Had the increases been indexed to CPI-U in
2014, the income limit for these programs would be around $61,000 in
2024.

In 2023, social security benefits saw a Cost of Living (COLA) increase
of 8.7%. In 2024, the social security benefits COLA will increase by
3.2%. These adjustments are needed to offset the impact of inflation and
rising costs. However, without corresponding adjustments to income
limits for SCRIE/DRIE/SCHE/DHE, some recipients are worried that they
may soon become over-income for these programs.

This bill recognizes the rising cost of living for New Yorkers and the
importance for seniors' and people with disabilities' continued need for
SCRIE/DRIE/SCHE/DHE to keep their housing expenses constant. To account
for inflation in the 10 years since the last adjustment to SCRIE/DRIE
income limits, which the increases for SCHE and DHE matched in 2022 but
did not adjust for inflation, this bill raises the maximum income thres-
hold to $61,000. It also indexes the threshold to CPI-U increases for
New York City and for localities within Dutchess, Nassau, Orange,
Putnam, Rockland, Suffolk, and Westchester counties that have adopted
SCRIE/DRIE/SCHE/DHE. For localities outside of these areas that may
adopt SCRIE/DRIE in the future, they would index the increases according
to the CPI-Northeast Region consumer price index.

 
PRIOR LEGISLATIVE HISTORY:

2024: S2960A (Kavanagh) - COMMITTED TO RULES /A5741A (Glick) - referred
to aging

2023: S2960A (Kavanagh) - REFERRED TO AGING /A5741A (Glick) - referred
to aging

2022: 52897 (Kavanagh) - REFERRED TO AGING

2021: S2897 (Kavanagh) - REFERRED TO AGING

 
FISCAL IMPLICATIONS:

To be determined. Program funding would be subject to amounts appropri-
ated, or otherwise available.

 
EFFECTIVE DATE:
This act shall take effect immediately; provided that:  (a) the amend-
ments to paragraph a of subdivision 3 of section 467-b of the real prop-
erty tax law made by section one of this act shall not affect the expi-
ration of such paragraph pursuant to section 4 of part U of chapter 55
of the laws of 2014, as amended, and shall be deemed to expire there-
with; (b) 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
not affect the expiration of such paragraph pursuant to section 4 of
chapter 129 of the laws of 2014, as amended, and shall be deemed to
expire therewith; (c) the amendments to subparagraph 1 of paragraph d of
subdivision 1 of section 467-c of the real property tax law, made by
section two of this act shall not affect the expiration of such subpara-
graph pursuant to section 4 of part U of chapter 55 of the laws of 2014,
as amended, and shall be deemed expired therewith; and (d) the amend-
ments to paragraph m of subdivision 1 of section 467-c of the real prop-
erty tax law, made by section two of this act shall not affect the expi-
ration of such paragraph pursuant to section 4 of chapter 129 of the
laws of 2014, as amended, and shall be deemed expired therewith.

2025-S1457 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1457
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 10, 2025
                                ___________
 
 Introduced  by Sens. KAVANAGH, ADDABBO, HOYLMAN-SIGAL, JACKSON, KRUEGER,
   ROLISON, SERRANO, STAVISKY -- 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
   combined household income limit for eligibility for a  senior  citizen
   rent  increase  exemption  (SCRIE), disability rent increase exemption
   (DRIE), senior citizen  homeowners'  exemption  (SCHE),  and  disabled
   homeowners' exemption (DHE) on the basis of the consumer price index
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs a and b of subdivision 3 of section 467-b of the
 real property tax law, paragraph a as amended by section 1 of part U  of
 chapter 55 of the laws of 2014 and paragraph b as amended by chapter 129
 of the laws of 2014, are 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, twenty-nine thousand
 dollars beginning July first, two thousand nine,  [and]  fifty  thousand
 dollars beginning July first, two thousand fourteen, AND SIXTY-ONE THOU-
 SAND  DOLLARS  BEGINNING JULY FIRST, TWO THOUSAND TWENTY-FIVE, 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] SUCH HEAD OF  HOUSEHOLD'S
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04145-01-5

 S. 1457                             2
 
 retirement  income  over  the  entire period of such year.   THE MAXIMUM
 INCOME THRESHOLD PROVIDED FOR HEREIN SHALL BE INCREASED BY ORDER OF  THE
 COMMISSIONER  OF  THE STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL TO
 REFLECT ANY INCREASE IN THE CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS
 FOR  ALL ITEMS AS PUBLISHED BY THE UNITED STATES BUREAU OF LABOR STATIS-
 TICS FOR THE REGION IN WHICH THE HOUSING ACCOMMODATION  IS  LOCATED,  AS
 ESTABLISHED  FOR  THE  MOST  RECENT  PRECEDING CALENDAR YEAR AS SHALL BE
 PUBLISHED BY THE DIVISION OF HOUSING AND COMMUNITY RENEWAL NO LATER THAN
 THE FIRST OF JULY IN ANY GIVEN YEAR, PROVIDED THAT FOR NEW YORK CITY AND
 ANY MUNICIPALITY THAT  ADOPTS  A  LOCAL  LAW,  ORDINANCE  OR  RESOLUTION
 PROVIDING  FOR  THE  ABATEMENT  OF TAXES PURSUANT TO THIS SECTION IN THE
 COUNTIES OF DUTCHESS, NASSAU, ORANGE,  PUTNAM,  ROCKLAND,  SUFFOLK,  AND
 WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL BE THE NEW YORK-NEWARK-JER-
 SEY  CITY,  NY-NJ-PA  CONSUMER PRICE INDEX (CPI-U), AND PROVIDED FURTHER
 THAT FOR ANY OTHER MUNICIPALITY THAT ADOPTS A LOCAL  LAW,  ORDINANCE  OR
 RESOLUTION  PROVIDING  FOR  THE  ABATEMENT  OF  TAXES  PURSUANT  TO THIS
 SECTION, SUCH CONSUMER PRICE INDEX SHALL BE THE NORTHEAST REGION CONSUM-
 ER PRICE INDEX.
   b. for a dwelling unit where the head of the household qualifies as  a
 person  with  a disability pursuant to subdivision five of this section,
 no tax abatement shall be granted if the combined income for all members
 of the household for the current income tax year exceeds [fifty]  SIXTY-
 ONE thousand dollars beginning July first, two thousand [fourteen] TWEN-
 TY-FIVE,  as  may  be provided by the local law, ordinance or resolution
 adopted pursuant to this section.  THE MAXIMUM INCOME THRESHOLD PROVIDED
 FOR HEREIN SHALL BE INCREASED BY ORDER OF THE COMMISSIONER OF THE  STATE
 DIVISION OF HOUSING AND COMMUNITY RENEWAL TO REFLECT ANY INCREASE IN THE
 CONSUMER  PRICE INDEX FOR ALL URBAN CONSUMERS FOR ALL ITEMS AS PUBLISHED
 BY THE UNITED STATES BUREAU OF LABOR STATISTICS FOR THE REGION IN  WHICH
 THE HOUSING ACCOMMODATION IS LOCATED, AS ESTABLISHED FOR THE MOST RECENT
 PRECEDING CALENDAR YEAR AS SHALL BE PUBLISHED BY THE DIVISION OF HOUSING
 AND COMMUNITY RENEWAL NO LATER THAN THE FIRST OF JULY IN ANY GIVEN YEAR,
 PROVIDED THAT FOR NEW YORK CITY AND ANY MUNICIPALITY THAT ADOPTS A LOCAL
 LAW, ORDINANCE OR RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSU-
 ANT TO THIS SECTION IN THE COUNTIES OF DUTCHESS, NASSAU, ORANGE, PUTNAM,
 ROCKLAND,  SUFFOLK,  AND WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL BE
 THE NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA CONSUMER PRICE INDEX  (CPI-U),
 AND PROVIDED FURTHER THAT FOR ANY OTHER MUNICIPALITY THAT ADOPTS A LOCAL
 LAW, ORDINANCE OR RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSU-
 ANT  TO  THIS  SECTION, SUCH CONSUMER PRICE INDEX SHALL BE THE NORTHEAST
 REGION CONSUMER PRICE INDEX.
   § 2. Paragraphs d and m of subdivision 1 of section 467-c of the  real
 property  tax law, paragraph d as separately amended by chapters 188 and
 205 of the laws of 2005, subparagraph 1 of paragraph  d  as  amended  by
 section 2 of part U of chapter 55 of the laws of 2014 and paragraph m as
 amended  by  chapter  129  of  the  laws of 2014, are amended to read as
 follows:
   d. "Eligible head of the household" means (1) a person or [his or her]
 SUCH PERSON'S spouse who is sixty-two years of age or older and is enti-
 tled to the possession or to the use and occupancy of a  dwelling  unit,
 provided,  however,  with  respect  to a dwelling which was subject to a
 mortgage insured or initially insured by the federal government pursuant
 to section two hundred thirteen of the National Housing Act, as  amended
 "eligible head of the household" shall be limited to that person or [his
 or  her]  SUCH PERSON'S spouse who was entitled to possession or the use
 and occupancy of such dwelling unit at the time of termination  of  such
 S. 1457                             3
 
 mortgage,  and  whose  income when combined with the income of all other
 members of the household, does not  exceed  six  thousand  five  hundred
 dollars  for  the taxable period, or such other sum not less than sixty-
 five  hundred  dollars nor more than twenty-five thousand dollars begin-
 ning July first, two thousand five, twenty-six thousand  dollars  begin-
 ning  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, twenty-nine thousand dollars
 beginning July first, two thousand nine, [and]  fifty  thousand  dollars
 beginning  July  first,  two  thousand  fourteen, AND SIXTY-ONE THOUSAND
 DOLLARS BEGINNING JULY  FIRST,  TWO  THOUSAND  TWENTY-FIVE,  as  may  be
 provided  by  local law; or (2) a person with a disability as defined in
 this subdivision.   THE MAXIMUM INCOME  THRESHOLD  PROVIDED  FOR  HEREIN
 SHALL BE INCREASED BY ORDER OF THE COMMISSIONER OF THE STATE DIVISION OF
 HOUSING  AND  COMMUNITY  RENEWAL TO REFLECT ANY INCREASE IN THE CONSUMER
 PRICE INDEX FOR ALL URBAN CONSUMERS FOR ALL ITEMS AS  PUBLISHED  BY  THE
 UNITED  STATES  BUREAU  OF  LABOR STATISTICS FOR THE REGION IN WHICH THE
 HOUSING ACCOMMODATION IS LOCATED, AS ESTABLISHED  FOR  THE  MOST  RECENT
 PRECEDING CALENDAR YEAR AS SHALL BE PUBLISHED BY THE DIVISION OF HOUSING
 AND COMMUNITY RENEWAL NO LATER THAN THE FIRST OF JULY IN ANY GIVEN YEAR,
 PROVIDED THAT FOR NEW YORK CITY AND ANY MUNICIPALITY THAT ADOPTS A LOCAL
 LAW, ORDINANCE OR RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSU-
 ANT TO THIS SECTION IN THE COUNTIES OF DUTCHESS, NASSAU, ORANGE, PUTNAM,
 ROCKLAND,  SUFFOLK,  AND WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL BE
 THE NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA CONSUMER PRICE INDEX  (CPI-U),
 AND PROVIDED FURTHER THAT FOR ANY OTHER MUNICIPALITY THAT ADOPTS A LOCAL
 LAW, ORDINANCE OR RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSU-
 ANT  TO  THIS  SECTION, SUCH CONSUMER PRICE INDEX SHALL BE THE NORTHEAST
 REGION CONSUMER PRICE INDEX.
   m. "Person with a disability" means an  individual  who  is  currently
 receiving  social  security  disability insurance (SSDI) or supplemental
 security income (SSI) benefits under the federal social security act  or
 disability  pension  or disability compensation benefits provided by the
 United States department of veterans affairs or those previously  eligi-
 ble  by  virtue  of receiving disability benefits under the supplemental
 security income program or the social security  disability  program  and
 currently  receiving  medical assistance benefits based on determination
 of disability as provided in section  three  hundred  sixty-six  of  the
 social  services  law  and whose income for the current income tax year,
 together with the income of all members of such individual's  household,
 does not exceed [fifty] SIXTY-ONE thousand dollars beginning July first,
 two  thousand  [fourteen]  TWENTY-FIVE, as may be provided by local law.
 THE MAXIMUM INCOME THRESHOLD PROVIDED FOR HEREIN SHALL BE  INCREASED  BY
 ORDER OF THE COMMISSIONER OF THE STATE DIVISION OF HOUSING AND COMMUNITY
 RENEWAL  TO  REFLECT  ANY  INCREASE  IN THE CONSUMER PRICE INDEX FOR ALL
 URBAN CONSUMERS FOR ALL ITEMS AS PUBLISHED BY THE UNITED  STATES  BUREAU
 OF LABOR STATISTICS FOR THE REGION IN WHICH THE HOUSING ACCOMMODATION IS
 LOCATED,  AS  ESTABLISHED FOR THE MOST RECENT PRECEDING CALENDAR YEAR AS
 SHALL BE PUBLISHED BY THE DIVISION OF HOUSING AND COMMUNITY  RENEWAL  NO
 LATER  THAN  THE  FIRST OF JULY IN ANY GIVEN YEAR, PROVIDED THAT FOR NEW
 YORK CITY AND ANY MUNICIPALITY THAT ADOPTS A  LOCAL  LAW,  ORDINANCE  OR
 RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSUANT TO THIS SECTION
 IN  THE COUNTIES OF DUTCHESS, NASSAU, ORANGE, PUTNAM, ROCKLAND, SUFFOLK,
 AND WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL  BE  THE  NEW  YORK-NE-
 WARK-JERSEY  CITY,  NY-NJ-PA  CONSUMER PRICE INDEX (CPI-U), AND PROVIDED
 FURTHER THAT FOR ANY OTHER MUNICIPALITY THAT ADOPTS A LOCAL  LAW,  ORDI-
 S. 1457                             4
 
 NANCE  OR  RESOLUTION  PROVIDING  FOR THE ABATEMENT OF TAXES PURSUANT TO
 THIS SECTION, SUCH CONSUMER PRICE INDEX SHALL BE  THE  NORTHEAST  REGION
 CONSUMER PRICE INDEX.
   § 3. Subparagraph (i) of paragraph (a) of subdivision 3 of section 467
 of the real property tax law, as amended by section 2 of part K of chap-
 ter 59 of the laws of 2023, is amended to read as follows:
   (i) if the income of the owner or the combined income of the owners of
 the property for the applicable income tax year exceeds the sum of three
 thousand dollars, or such other sum not less than three thousand dollars
 nor  more  than [fifty] SIXTY-ONE thousand dollars BEGINNING JULY FIRST,
 TWO THOUSAND TWENTY-FIVE, as may be provided by the local law, ordinance
 or resolution adopted pursuant to this  section.    THE  MAXIMUM  INCOME
 THRESHOLD PROVIDED FOR HEREIN SHALL BE INCREASED BY ORDER OF THE COMMIS-
 SIONER TO REFLECT ANY INCREASE IN THE CONSUMER PRICE INDEX FOR ALL URBAN
 CONSUMERS  FOR  ALL  ITEMS  AS  PUBLISHED BY THE UNITED STATES BUREAU OF
 LABOR STATISTICS FOR THE REGION IN WHICH THE  HOUSING  ACCOMMODATION  IS
 LOCATED,  AS  ESTABLISHED FOR THE MOST RECENT PRECEDING CALENDAR YEAR AS
 SHALL BE PUBLISHED BY THE DIVISION OF HOUSING AND COMMUNITY  RENEWAL  NO
 LATER  THAN  THE  FIRST OF JULY IN ANY GIVEN YEAR, PROVIDED THAT FOR NEW
 YORK CITY AND ANY MUNICIPALITY THAT ADOPTS A  LOCAL  LAW,  ORDINANCE  OR
 RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSUANT TO THIS SECTION
 IN  THE COUNTIES OF DUTCHESS, NASSAU, ORANGE, PUTNAM, ROCKLAND, SUFFOLK,
 AND WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL  BE  THE  NEW  YORK-NE-
 WARK-JERSEY  CITY,  NY-NJ-PA  CONSUMER PRICE INDEX (CPI-U), AND PROVIDED
 FURTHER THAT FOR ANY OTHER MUNICIPALITY THAT ADOPTS A LOCAL  LAW,  ORDI-
 NANCE  OR  RESOLUTION  PROVIDING  FOR THE ABATEMENT OF TAXES PURSUANT TO
 THIS SECTION, SUCH CONSUMER PRICE INDEX SHALL BE  THE  NORTHEAST  REGION
 CONSUMER PRICE INDEX.
   §  4.  Subparagraph  (i)  of paragraph (a) of subdivision 5 of section
 459-c of the real property tax law, as amended by section 8 of part K of
 chapter 59 of the laws of 2023, is amended to read as follows:
   (i) if the income of the owner or the combined income of the owners of
 the property for the applicable income tax year exceeds the sum of three
 thousand dollars, or such other sum not less than three thousand dollars
 nor more than [fifty] SIXTY-ONE thousand dollars BEGINNING  JULY  FIRST,
 TWO  THOUSAND TWENTY-FIVE, as may be provided by the local law or resol-
 ution adopted pursuant to this section.   THE MAXIMUM  INCOME  THRESHOLD
 PROVIDED  FOR  HEREIN SHALL BE INCREASED BY ORDER OF THE COMMISSIONER TO
 REFLECT ANY INCREASE IN THE CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS
 FOR ALL ITEMS AS PUBLISHED BY THE UNITED STATES BUREAU OF LABOR  STATIS-
 TICS  FOR  THE  REGION IN WHICH THE HOUSING ACCOMMODATION IS LOCATED, AS
 ESTABLISHED FOR THE MOST RECENT PRECEDING  CALENDAR  YEAR  AS  SHALL  BE
 PUBLISHED BY THE DIVISION OF HOUSING AND COMMUNITY RENEWAL NO LATER THAN
 THE FIRST OF JULY IN ANY GIVEN YEAR, PROVIDED THAT FOR NEW YORK CITY AND
 ANY  MUNICIPALITY  THAT  ADOPTS  A  LOCAL  LAW,  ORDINANCE OR RESOLUTION
 PROVIDING FOR THE ABATEMENT OF TAXES PURSUANT TO  THIS  SECTION  IN  THE
 COUNTIES  OF  DUTCHESS,  NASSAU,  ORANGE, PUTNAM, ROCKLAND, SUFFOLK, AND
 WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL BE THE NEW YORK-NEWARK-JER-
 SEY CITY, NY-NJ-PA CONSUMER PRICE INDEX (CPI-U),  AND  PROVIDED  FURTHER
 THAT  FOR  ANY  OTHER MUNICIPALITY THAT ADOPTS A LOCAL LAW, ORDINANCE OR
 RESOLUTION PROVIDING  FOR  THE  ABATEMENT  OF  TAXES  PURSUANT  TO  THIS
 SECTION, SUCH CONSUMER PRICE INDEX SHALL BE THE NORTHEAST REGION CONSUM-
 ER PRICE INDEX.
   § 5. This act shall take effect immediately; provided that:
   (a) the amendments to paragraph a of subdivision 3 of section 467-b of
 the  real  property  tax  law  made by section one of this act shall not
 S. 1457                             5
 
 affect the expiration of such paragraph pursuant to section 4 of part  U
 of  chapter  55  of the laws of 2014, as amended, and shall be deemed to
 expire therewith;
   (b) 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 not
 affect the expiration of such paragraph pursuant to section 4 of chapter
 129 of the laws of 2014, as amended, and shall be deemed to expire ther-
 ewith;
   (c) the amendments to subparagraph 1 of paragraph d of  subdivision  1
 of  section  467-c  of the real property tax law, made by section two of
 this act shall not affect the expiration of such  subparagraph  pursuant
 to  section  4  of part U of chapter 55 of the laws of 2014, as amended,
 and shall be deemed expired therewith; and
   (d) the amendments to paragraph m of subdivision 1 of section 467-c of
 the real property tax law, made by section two of  this  act  shall  not
 affect the expiration of such paragraph pursuant to section 4 of chapter
 129  of the laws of 2014, as amended, and shall be deemed expired there-
 with.

co-Sponsors

View additional co-sponsors

2025-S1457A (ACTIVE) - Details

See Assembly Version of this Bill:: A5344
Current Committee:: Senate Finance
Law Section:: Real Property Tax Law
Laws Affected:: Amd §§467-b, 467-c, 467 & 459-c, RPT L; amd Part U §5, Chap 55 of 2014; amd §4, Chap 129 of 2014
Versions Introduced in Other Legislative Sessions:: 2009-2010: S1134
2011-2012: S1372
2013-2014: S1218
2015-2016: S3865
2017-2018: S4493, S7069
2019-2020: S2363
2021-2022: S2897
2023-2024: S2960

2025-S1457A (ACTIVE) - Summary

2025-S1457A (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S1457A

SPONSOR: KAVANAGH
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to increasing the
combined household income limit for eligibility for a senior citizen
rent increase exemption (SCRIE), disability rent increase exemption
(DRIE), senior citizen homeowners' exemption (SCHE), and disabled home-
owners' exemption (DHE) on the basis of the consumer price index; to
amend part U of chapter 55 of the laws of 2014, amending the real prop-
erty tax law relating to the tax abatement and exemption for rent regu-
lated and rent controlled property occupied by senior citizens, 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

 
PURPOSE:

This bill sets the maximum income threshold for SCRIE, DRIE, SCHE, and
DHE at $67,000 and would require it to be increased according to consum-

er price index adjustments going forward. It also eliminates the expira-
tion language on setting the maximum income threshold for those
programs.

 
SUMMARY OF SPECIFIC PROVISIONS:

This bill amends sections 467-b, 467-c, 467, and 459-c of the Real Prop-
erty Tax Law with the same language.

Section 1 amends paragraph a of subdivision 3 of section 467-b of the
real property tax law to set the maximum income threshold to be eligible
for the Senior Citizens Rent Increase Exemption (SCRIE) benefit at
$67,000 beginning July 1, 2024. The maximum income threshold shall also
be increased annually by order of the NYS Homes and Community Renewal
Commissioner to reflect any increases in the consumer price index estab-
lished for the most recent preceding calendar year. The New York-Ne-
wark-Jersey City, NY-NJ-PA consumer price index (CPI-U) shall be used
for New York City and for any municipality that has adopted SCRIE in the
counties of Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk, and
Westchester. The Northeast Region consumer price index shall be used for
any other municipality that adopts SCRIE.

Section 1 also amends paragraph b of subdivision 3 of section 467-b of
the real property tax law to set the same 2024 maximum income threshold,
and annual CPI increases for the Disability Rent Increase Exemption
(DRIE).

Section 2 amends paragraph d of subdivision 1 of section 467-c of the
real property tax law to set the same 2024 maximum income threshold, and
annual CPI increases for SCRIE for residents of Battery Park City.

Section 2 amends paragraph m of subdivision 1 of section 467-c of the
real property tax law to set the same 2024 maximum income threshold, and
annual CPI increases for DRIE for residents of Battery Park City.


Section 3 amends subparagraph (i) of paragraph (a) of subdivision 3 of
section 467 of the real property tax law to set the same 2024 maximum
income threshold and annual CPI increases for the Senior Citizen Home-
owners' Exemption (SCHE).

Section 4 amends subparagraph (i) of paragraph (a) of subdivision 5 of
section 459-c of the real property tax law to set the same 2024 maximum
income threshold and annual CPI increases for the Disabled Homeowners'
Exemption (DHE).

Section 5 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 6 amends Section 4 of Chapter 129 of the laws of 2014, amending
the Real Property Tax Law to remove language that would set an expira-
tion on the setting of the maximum income threshold for the Disability
Rent Increase Exemption program.

Section 7 sets forth the effective date.

 
JUSTIFICATION:

The SCRIE (Senior Citizens Rent Increase Exemption) and DRIE (Disabled
Rent Increase Exemption) programs serve seniors or people with disabili-
ties whose household income is no more than $50,000 a year, live in
rent-regulated apartments, and pay more than one-third of their income
in rent, by freezing tenants' rent at the rent they paid when they
entered the program. While these programs have helped keep thousands of
seniors and people with disabilities in their homes, many tenants in
SCRIE and DRIE are still severely rent-burdened and struggle to get by
in the face of decades of rent and price increases without a correspond-
ing increase in retirement and social security benefits. According to a
2016 study by LiveOn New York, 60% of seniors who are enrolled in the
SCRIE program pay over 50% of their income in rent, which leads to many
having to skip meals to pay their rent and stay in their homes.

Using the U.S. Inflation Calculator for the New York-Newark-Jersey City
metropolitan area-the Consumer Price Index for All Urban Consumers
(CPI-U) used for all areas in New York currently offer SCRIE, DRIE,
SCHE, and DHE-$50,000 in 2014 dollars would equal $66,539 in 2024. In
previous state budgets and with the passage of S7640/A9744 in 2014
(Chapter 129 of the laws of 2014) and S3085A/A3956A in 2022 (Chapter 488
of 2022), the maximum income threshold was increased; however, they did
not index these increases to the CPI-U. In addition, in the 2024 enacted
state budget, social security benefits received another Cost of Living
adjustment (COLA)by 3.2%. Without corresponding adjustments to income
limits for SCRIE/DRIE/SCHE/DHE, some recipients are worried that they
may soon become over-income for these programs.

Recognizing the rising cost of living for New Yorkers and the continued
need for SCRM/DRIE/SCHE/DHE programs for seniors and people with disa-
bilities, this bill seeks to account for inflation in the last 10 years
by increasing the maximum income threshold to $67,000 and indexing the
threshold to CPI-U. The CPI-U indexing will affect New York City and
localities within Dutchess, Nassau, Orange, Putnam, Rockland, Suffolk,
and Westchester counties that have adopted SCRIE/DRIE/SCHE/DHE. For
localities outside of this area that may adopt SCRIE/DRIE in the future,
they would index the increases according to the CPI-Northeast Region
consumer price index.

SCRIE/DRIE maximum income thresholds are also subject to an expiration
date and must be extended periodically by amending the affected statute.
The bill would eliminate this expiration date for setting the maximum
income threshold for both SCRIE and DRIE, allowing the increase to
$67,000 to become permanent and any subsequent increases that may be
enacted in the future.

 
LEGISLATIVE HISTORY:

This is a new bill.

 
FISCAL IMPLICATIONS:

To be determined. Program funding would be subject to amounts appropri-
ated or otherwise available.

 
EFFECTIVE DATE:
This act shall take effect immediately, provided that:
(a) the amendments to paragraph a of subdivision 3 of section 467-b of
the real property tax law made by section one of this act shall not
affect the expiration of such paragraph pursuant to section 4 of part U
of chapter 55 of the laws of 2014, as amended, and shall be deemed to
expire therewith;
(b) 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 not
affect the expiration of such paragraph pursuant to section 4 of chapter
129 of the laws of 2014, as amended, and shall be deemed to expire ther-
ewith;
(c) the amendments to subparagraph 1 of paragraph d of subdivision 1 of
section 467-c of the real property tax law, made by section two of this
act, shall not affect the expiration of such subparagraph pursuant to
section 4 of part U of chapter 55 of the laws of 2014, as amended, and
shall be, deemed expired therewith; and
(d) the amendments to paragraph m of subdivision 1 of section 467-c of
the real property tax law, made by section two of this act, shall not
affect the expiration of such paragraph pursuant to section 4 of chapter
129 of the laws of 2014, as amended, and shall be deemed expired there-
with.

2025-S1457A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1457--A
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 10, 2025
                                ___________
 
 Introduced  by Sens. KAVANAGH, ADDABBO, HOYLMAN-SIGAL, JACKSON, KRUEGER,
   ROLISON, SERRANO, STAVISKY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Aging -- reported  favora-
   bly  from  said committee and committed to the Committee on Finance --
   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 increasing the
   combined  household  income limit for eligibility for a senior citizen
   rent increase exemption (SCRIE), disability  rent  increase  exemption
   (DRIE),  senior  citizen  homeowners'  exemption  (SCHE), and disabled
   homeowners' exemption (DHE) on the basis of the consumer price  index;
   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 citizens, 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 proper-
   ty occupied by persons with disabilities, in relation  to  the  effec-
   tiveness thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs a and b of subdivision 3 of section 467-b of the
 real property tax law, paragraph a as amended by section 1 of part U  of
 chapter 55 of the laws of 2014 and paragraph b as amended by chapter 129
 of the laws of 2014, are 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04145-06-5

 S. 1457--A                          2
 
 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, twenty-nine thousand
 dollars  beginning  July  first, two thousand nine, [and] fifty thousand
 dollars beginning July first, two  thousand  fourteen,  AND  SIXTY-SEVEN
 THOUSAND  DOLLARS BEGINNING JULY FIRST, TWO THOUSAND TWENTY-FIVE, 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] SUCH HEAD OF  HOUSEHOLD'S
 retirement  income  over  the  entire period of such year.   THE MAXIMUM
 INCOME THRESHOLD PROVIDED FOR HEREIN SHALL BE INCREASED BY ORDER OF  THE
 COMMISSIONER  OF  THE STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL TO
 REFLECT ANY INCREASE IN THE CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS
 FOR ALL ITEMS AS PUBLISHED BY THE UNITED STATES BUREAU OF LABOR  STATIS-
 TICS  FOR  THE  REGION IN WHICH THE HOUSING ACCOMMODATION IS LOCATED, AS
 ESTABLISHED FOR THE MOST RECENT PRECEDING  CALENDAR  YEAR  AS  SHALL  BE
 PUBLISHED BY THE DIVISION OF HOUSING AND COMMUNITY RENEWAL NO LATER THAN
 THE FIRST OF JULY IN ANY GIVEN YEAR, PROVIDED THAT FOR NEW YORK CITY AND
 ANY  MUNICIPALITY  THAT  ADOPTS  A  LOCAL  LAW,  ORDINANCE OR RESOLUTION
 PROVIDING FOR THE ABATEMENT OF TAXES PURSUANT TO  THIS  SECTION  IN  THE
 COUNTIES  OF  DUTCHESS,  NASSAU,  ORANGE, PUTNAM, ROCKLAND, SUFFOLK, AND
 WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL BE THE NEW YORK-NEWARK-JER-
 SEY CITY, NY-NJ-PA CONSUMER PRICE INDEX (CPI-U),  AND  PROVIDED  FURTHER
 THAT  FOR  ANY  OTHER MUNICIPALITY THAT ADOPTS A LOCAL LAW, ORDINANCE OR
 RESOLUTION PROVIDING  FOR  THE  ABATEMENT  OF  TAXES  PURSUANT  TO  THIS
 SECTION, SUCH CONSUMER PRICE INDEX SHALL BE THE NORTHEAST REGION CONSUM-
 ER PRICE INDEX.
   b.  for a dwelling unit where the head of the household qualifies as a
 person with a disability pursuant to subdivision five of  this  section,
 no tax abatement shall be granted if the combined income for all members
 of  the household for the current income tax year exceeds [fifty] SIXTY-
 SEVEN thousand dollars beginning July  first,  two  thousand  [fourteen]
 TWENTY-FIVE,  as  may  be provided by the local law, ordinance or resol-
 ution adopted pursuant to this section.   THE MAXIMUM  INCOME  THRESHOLD
 PROVIDED  FOR  HEREIN SHALL BE INCREASED BY ORDER OF THE COMMISSIONER OF
 THE STATE DIVISION OF HOUSING  AND  COMMUNITY  RENEWAL  TO  REFLECT  ANY
 INCREASE  IN  THE  CONSUMER  PRICE INDEX FOR ALL URBAN CONSUMERS FOR ALL
 ITEMS AS PUBLISHED BY THE UNITED STATES BUREAU OF LABOR  STATISTICS  FOR
 THE REGION IN WHICH THE HOUSING ACCOMMODATION IS LOCATED, AS ESTABLISHED
 FOR THE MOST RECENT PRECEDING CALENDAR YEAR AS SHALL BE PUBLISHED BY THE
 DIVISION  OF  HOUSING  AND  COMMUNITY RENEWAL NO LATER THAN THE FIRST OF
 JULY IN ANY GIVEN YEAR, PROVIDED THAT FOR NEW YORK CITY AND ANY  MUNICI-
 PALITY  THAT  ADOPTS  A LOCAL LAW, ORDINANCE OR RESOLUTION PROVIDING FOR
 THE ABATEMENT OF TAXES PURSUANT TO  THIS  SECTION  IN  THE  COUNTIES  OF
 DUTCHESS,  NASSAU,  ORANGE,  PUTNAM, ROCKLAND, SUFFOLK, AND WESTCHESTER,
 SUCH CONSUMER PRICE INDEX SHALL  BE  THE  NEW  YORK-NEWARK-JERSEY  CITY,
 NY-NJ-PA CONSUMER PRICE INDEX (CPI-U), AND PROVIDED FURTHER THAT FOR ANY
 OTHER  MUNICIPALITY  THAT  ADOPTS  A  LOCAL LAW, ORDINANCE OR RESOLUTION
 PROVIDING FOR THE ABATEMENT OF TAXES  PURSUANT  TO  THIS  SECTION,  SUCH
 CONSUMER PRICE INDEX SHALL BE THE NORTHEAST REGION CONSUMER PRICE INDEX.
   §  2. Paragraphs d and m of subdivision 1 of section 467-c of the real
 property tax law, paragraph d as separately amended by chapters 188  and
 205  of  the  laws  of 2005, subparagraph 1 of paragraph d as amended by
 section 2 of part U of chapter 55 of the laws of 2014 and paragraph m as
 S. 1457--A                          3
 
 amended by chapter 129 of the laws of  2014,  are  amended  to  read  as
 follows:
   d. "Eligible head of the household" means (1) a person or [his or her]
 SUCH PERSON'S spouse who is sixty-two years of age or older and is enti-
 tled  to  the possession or to the use and occupancy of a dwelling unit,
 provided, however, with respect to a dwelling which  was  subject  to  a
 mortgage insured or initially insured by the federal government pursuant
 to  section two hundred thirteen of the National Housing Act, as amended
 "eligible head of the household" shall be limited to that person or [his
 or her] SUCH PERSON'S spouse who was entitled to possession or  the  use
 and  occupancy  of such dwelling unit at the time of termination of such
 mortgage, and whose income when combined with the income  of  all  other
 members  of  the  household,  does  not exceed six thousand five hundred
 dollars for the taxable period, or such other sum not less  than  sixty-
 five  hundred  dollars nor more than twenty-five thousand dollars begin-
 ning July first, two thousand five, twenty-six thousand  dollars  begin-
 ning  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, twenty-nine thousand dollars
 beginning July first, two thousand nine, [and]  fifty  thousand  dollars
 beginning  July  first,  two thousand fourteen, AND SIXTY-SEVEN THOUSAND
 DOLLARS BEGINNING JULY  FIRST,  TWO  THOUSAND  TWENTY-FIVE,  as  may  be
 provided  by  local law; or (2) a person with a disability as defined in
 this subdivision.   THE MAXIMUM INCOME  THRESHOLD  PROVIDED  FOR  HEREIN
 SHALL BE INCREASED BY ORDER OF THE COMMISSIONER OF THE STATE DIVISION OF
 HOUSING  AND  COMMUNITY  RENEWAL TO REFLECT ANY INCREASE IN THE CONSUMER
 PRICE INDEX FOR ALL URBAN CONSUMERS FOR ALL ITEMS AS  PUBLISHED  BY  THE
 UNITED  STATES  BUREAU  OF  LABOR STATISTICS FOR THE REGION IN WHICH THE
 HOUSING ACCOMMODATION IS LOCATED, AS ESTABLISHED  FOR  THE  MOST  RECENT
 PRECEDING CALENDAR YEAR AS SHALL BE PUBLISHED BY THE DIVISION OF HOUSING
 AND COMMUNITY RENEWAL NO LATER THAN THE FIRST OF JULY IN ANY GIVEN YEAR,
 PROVIDED THAT FOR NEW YORK CITY AND ANY MUNICIPALITY THAT ADOPTS A LOCAL
 LAW, ORDINANCE OR RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSU-
 ANT TO THIS SECTION IN THE COUNTIES OF DUTCHESS, NASSAU, ORANGE, PUTNAM,
 ROCKLAND,  SUFFOLK,  AND WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL BE
 THE NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA CONSUMER PRICE INDEX  (CPI-U),
 AND PROVIDED FURTHER THAT FOR ANY OTHER MUNICIPALITY THAT ADOPTS A LOCAL
 LAW, ORDINANCE OR RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSU-
 ANT  TO  THIS  SECTION, SUCH CONSUMER PRICE INDEX SHALL BE THE NORTHEAST
 REGION CONSUMER PRICE INDEX.
   m. "Person with a disability" means an  individual  who  is  currently
 receiving  social  security  disability insurance (SSDI) or supplemental
 security income (SSI) benefits under the federal social security act  or
 disability  pension  or disability compensation benefits provided by the
 United States department of veterans affairs or those previously  eligi-
 ble  by  virtue  of receiving disability benefits under the supplemental
 security income program or the social security  disability  program  and
 currently  receiving  medical assistance benefits based on determination
 of disability as provided in section  three  hundred  sixty-six  of  the
 social  services  law  and whose income for the current income tax year,
 together with the income of all members of such individual's  household,
 does  not  exceed  [fifty]  SIXTY-SEVEN  thousand dollars beginning July
 first, two thousand [fourteen] TWENTY-FIVE, as may be provided by  local
 law.    THE  MAXIMUM  INCOME  THRESHOLD  PROVIDED  FOR  HEREIN  SHALL BE
 INCREASED BY ORDER OF THE COMMISSIONER OF THE STATE DIVISION OF  HOUSING
 AND  COMMUNITY  RENEWAL  TO  REFLECT  ANY INCREASE IN THE CONSUMER PRICE
 S. 1457--A                          4
 
 INDEX FOR ALL URBAN CONSUMERS FOR ALL ITEMS AS PUBLISHED BY  THE  UNITED
 STATES  BUREAU  OF  LABOR STATISTICS FOR THE REGION IN WHICH THE HOUSING
 ACCOMMODATION IS LOCATED, AS ESTABLISHED FOR THE MOST  RECENT  PRECEDING
 CALENDAR  YEAR  AS  SHALL  BE  PUBLISHED  BY THE DIVISION OF HOUSING AND
 COMMUNITY RENEWAL NO LATER THAN THE FIRST OF JULY  IN  ANY  GIVEN  YEAR,
 PROVIDED THAT FOR NEW YORK CITY AND ANY MUNICIPALITY THAT ADOPTS A LOCAL
 LAW, ORDINANCE OR RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSU-
 ANT TO THIS SECTION IN THE COUNTIES OF DUTCHESS, NASSAU, ORANGE, PUTNAM,
 ROCKLAND,  SUFFOLK,  AND WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL BE
 THE NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA CONSUMER PRICE INDEX  (CPI-U),
 AND PROVIDED FURTHER THAT FOR ANY OTHER MUNICIPALITY THAT ADOPTS A LOCAL
 LAW, ORDINANCE OR RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSU-
 ANT  TO  THIS  SECTION, SUCH CONSUMER PRICE INDEX SHALL BE THE NORTHEAST
 REGION CONSUMER PRICE INDEX.
   § 3. Subparagraph (i) of paragraph (a) of subdivision 3 of section 467
 of the real property tax law, as amended by section 2 of part K of chap-
 ter 59 of the laws of 2023, is amended to read as follows:
   (i) if the income of the owner or the combined income of the owners of
 the property for the applicable income tax year exceeds the sum of three
 thousand dollars, or such other sum not less than three thousand dollars
 nor more than [fifty] SIXTY-SEVEN thousand dollars BEGINNING JULY FIRST,
 TWO THOUSAND TWENTY-FIVE, as may be provided by the local law, ordinance
 or resolution adopted pursuant to this  section.    THE  MAXIMUM  INCOME
 THRESHOLD PROVIDED FOR HEREIN SHALL BE INCREASED BY ORDER OF THE COMMIS-
 SIONER TO REFLECT ANY INCREASE IN THE CONSUMER PRICE INDEX FOR ALL URBAN
 CONSUMERS  FOR  ALL  ITEMS  AS  PUBLISHED BY THE UNITED STATES BUREAU OF
 LABOR STATISTICS FOR THE REGION IN WHICH THE  HOUSING  ACCOMMODATION  IS
 LOCATED,  AS  ESTABLISHED FOR THE MOST RECENT PRECEDING CALENDAR YEAR AS
 SHALL BE PUBLISHED BY THE DIVISION OF HOUSING AND COMMUNITY  RENEWAL  NO
 LATER  THAN  THE  FIRST OF JULY IN ANY GIVEN YEAR, PROVIDED THAT FOR NEW
 YORK CITY AND ANY MUNICIPALITY THAT ADOPTS A  LOCAL  LAW,  ORDINANCE  OR
 RESOLUTION PROVIDING FOR THE ABATEMENT OF TAXES PURSUANT TO THIS SECTION
 IN  THE COUNTIES OF DUTCHESS, NASSAU, ORANGE, PUTNAM, ROCKLAND, SUFFOLK,
 AND WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL  BE  THE  NEW  YORK-NE-
 WARK-JERSEY  CITY,  NY-NJ-PA  CONSUMER PRICE INDEX (CPI-U), AND PROVIDED
 FURTHER THAT FOR ANY OTHER MUNICIPALITY THAT ADOPTS A LOCAL  LAW,  ORDI-
 NANCE  OR  RESOLUTION  PROVIDING  FOR THE ABATEMENT OF TAXES PURSUANT TO
 THIS SECTION, SUCH CONSUMER PRICE INDEX SHALL BE  THE  NORTHEAST  REGION
 CONSUMER PRICE INDEX.
   §  4.  Subparagraph  (i)  of paragraph (a) of subdivision 5 of section
 459-c of the real property tax law, as amended by section 8 of part K of
 chapter 59 of the laws of 2023, is amended to read as follows:
   (i) if the income of the owner or the combined income of the owners of
 the property for the applicable income tax year exceeds the sum of three
 thousand dollars, or such other sum not less than three thousand dollars
 nor more than [fifty] SIXTY-SEVEN thousand dollars BEGINNING JULY FIRST,
 TWO THOUSAND TWENTY-FIVE, as may be provided by the local law or  resol-
 ution  adopted  pursuant  to this section.  THE MAXIMUM INCOME THRESHOLD
 PROVIDED FOR HEREIN SHALL BE INCREASED BY ORDER OF THE  COMMISSIONER  TO
 REFLECT ANY INCREASE IN THE CONSUMER PRICE INDEX FOR ALL URBAN CONSUMERS
 FOR  ALL ITEMS AS PUBLISHED BY THE UNITED STATES BUREAU OF LABOR STATIS-
 TICS FOR THE REGION IN WHICH THE HOUSING ACCOMMODATION  IS  LOCATED,  AS
 ESTABLISHED  FOR  THE  MOST  RECENT  PRECEDING CALENDAR YEAR AS SHALL BE
 PUBLISHED BY THE DIVISION OF HOUSING AND COMMUNITY RENEWAL NO LATER THAN
 THE FIRST OF JULY IN ANY GIVEN YEAR, PROVIDED THAT FOR NEW YORK CITY AND
 ANY MUNICIPALITY THAT  ADOPTS  A  LOCAL  LAW,  ORDINANCE  OR  RESOLUTION
 S. 1457--A                          5
 
 PROVIDING  FOR  THE  ABATEMENT  OF TAXES PURSUANT TO THIS SECTION IN THE
 COUNTIES OF DUTCHESS, NASSAU, ORANGE,  PUTNAM,  ROCKLAND,  SUFFOLK,  AND
 WESTCHESTER, SUCH CONSUMER PRICE INDEX SHALL BE THE NEW YORK-NEWARK-JER-
 SEY  CITY,  NY-NJ-PA  CONSUMER PRICE INDEX (CPI-U), AND PROVIDED FURTHER
 THAT FOR ANY OTHER MUNICIPALITY THAT ADOPTS A LOCAL  LAW,  ORDINANCE  OR
 RESOLUTION  PROVIDING  FOR  THE  ABATEMENT  OF  TAXES  PURSUANT  TO THIS
 SECTION, SUCH CONSUMER PRICE INDEX SHALL BE THE NORTHEAST REGION CONSUM-
 ER PRICE INDEX.
   § 5. 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 citi-
 zens, as amended by chapter 144 of the laws of 2024, 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,  2026;
 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].
   §  6.  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 144 of the laws of 2024, 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
   (b)  nothing  contained in this act shall be construed so as to extend
 the provisions of this act beyond June 30, 2026,  when  upon  such  date
 this  act shall expire and the provisions contained in this act shall be
 deemed repealed].
   § 7. This act shall take effect immediately.

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Senate Bill S1457A

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Current Bill Status - In Senate Committee Finance Committee

Bill Amendments

co-Sponsors

2025-S1457 - Details

2025-S1457 - Summary

2025-S1457 - Sponsor Memo

2025-S1457 - Bill Text download pdf

co-Sponsors

2025-S1457A (ACTIVE) - Details

2025-S1457A (ACTIVE) - Summary

2025-S1457A (ACTIVE) - Sponsor Memo

2025-S1457A (ACTIVE) - Bill Text download pdf

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