senate Bill S1372

2011-2012 Legislative Session

Provides for annual adjustment of the maximum income threshold for eligibility for the senior citizens' rent increase exemption by any increase in the consumer price

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Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to aging
Jan 07, 2011 referred to aging

Co-Sponsors

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S1372 - Details

See Assembly Version of this Bill:
A9070
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§467-b & 467-c, RPT L
Versions Introduced in 2009-2010 Legislative Session:
S1134, A5689

S1372 - Summary

Provides for annual adjustment by the commissioner of housing and community renewal of the maximum income threshold for eligibility for the senior citizens' rent increase exemption (SCRIE) and for the municipal property tax abatement for rent-controlled and rent regulated property occupied by senior citizens by any increase in the consumer price index (CPI).

S1372 - Sponsor Memo

S1372 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1372

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 7, 2011
                               ___________

Introduced  by  Sens.  PERKINS,  DIAZ,  DILAN,  DUANE, HASSELL-THOMPSON,
  KRUEGER, MONTGOMERY, PARKER, STAVISKY -- read twice and ordered print-
  ed, 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)    and for a municipal property tax
  abatement for rent-controlled and rent regulated property occupied  by
  senior citizens 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. Paragraph a of subdivision 3 of section 467-b of  the  real
property  tax  law, as separately amended by chapters 188 and 205 of the
laws of 2005, is 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, and twenty-nine  thou-
sand dollars beginning July first, two thousand nine, 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 applica-
tion, the income for such year may be adjusted by  excluding  salary  or
earnings  and  projecting  his  or her 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  ON JANUARY FIRST OF EACH YEAR TO REFLECT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04486-01-1

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