NY State Senate Bill 2025-S5547

Senate Bill S5547

2025-2026 Legislative Session

Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by certain persons

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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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Feb 24, 2025	referred to aging

2025-S5547 (ACTIVE) - Details

See Assembly Version of this Bill:: A5598
Current Committee:: Senate Aging
Law Section:: Taxation
Laws Affected:: Amd Part U §4, Chap 55 of 2014; amd §4, Chap 129 of 2014
Versions Introduced in Other Legislative Sessions:: 2021-2022: S9308, A10142
2023-2024: S9418, A10141

2025-S5547 (ACTIVE) - Summary

Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by senior citizens and persons with disabilities.

2025-S5547 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S5547

SPONSOR: CLEARE
 
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 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 OR GENERAL IDEA OF BILL:

The purpose of this bill is to extend provisions of law related to the
Senior Citizen Rent Income Exemption (SCRIE) and Disability Rent Income
Exemption (DRIE) programs.

 
SUMMARY OF PROVISIONS:

Section one extends the provisions of section 4 of part U of chapter 55
of the laws of 2014, as amended by chapter 292 of the laws of 2022, for
two additional years until June 30, 2028.

Section two extends the provisions of section 4 of chapter 129 of the
laws of 2014, as amended by chapter 292 of the laws of 2022, for two
additional years until June 30, 2028.

Section three sets the effective date.

 
JUSTIFICATION:

The Senior Citizen Rent Income Exemption (SCRIE) and Disability Rent
Income Exemption (DRIE) programs help eligible low-income senior citi-
zens and people with disabilities remain in their homes by authorizing
local governments to exempt them from rent-increases in certain housing.
Chapter 55 of the laws of 2014 and Chapter 129 of the Laws of 2014
raised the income eligibility for the SCRIE and DRIE programs, respec-
tively, from $29,000 to $50,000 for each head of household. This bill
would extend those provisions for an additional two years.

 
PRIOR LEGISLATIVE HISTORY:

Bill A10141, 2024

 
FISCAL IMPLICATIONS:

None.

 
EFFECTIVE DATE:
This act shall take effect immediately.

2025-S5547 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5547
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 24, 2025
                                ___________
 
 Introduced  by  Sen.  CLEARE -- 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 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] 2028;
 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 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08256-01-5

 S. 5547                             2
 
 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] 2028, 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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