|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to housing, construction and community development|
|Jan 09, 2013||referred to housing, construction and community development|
senate Bill S1823
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1823 - Details
S1823 - Summary
Defines "probable aggregate annual income" for purposes of determining eligibility for limited profit and limited dividend housing companies, as the annual net income after federal, state and municipal income taxes are deducted from gross income of the chief wage earner.
S1823 - Sponsor Memo
BILL NUMBER:S1823 TITLE OF BILL: An act to amend the public housing law and the private housing finance law, in relation to defining probable aggregate annual income PURPOSE OR GENERAL IDEA OF BILL: To use the net income of the chief wage earner to determine rent levels for limited-profit and limited-dividend housing companies. SUMMARY OF SPECIFIC PROVISIONS: The closing paragraph of subdivision one, Section 156 of the Public Housing Law is amended to exclude federal, state, and municipal taxes from the probable aggregate annual income of the chief wage earner, in determining eligibility for occupancy in limited-profit and limited-dividend housing. JUSTIFICATION: In view of inflation and rising rent levels, a person's gross income is not reflective of his actual income. This bill will make rent levels proportionate to what an individual realistically makes. This legislation is necessary to eliminate certain hardships imposed upon tenants who are hardest bit in today's inflationary spiral.
S1823 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1823 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. ESPAILLAT -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the public housing law and the private housing finance law, in relation to defining probable aggregate annual income THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The closing paragraph of subdivision 1 of section 156 of the public housing law, as amended by chapter 893 of the laws of 1974, is amended to read as follows: The "probable aggregate annual income" means the annual NET income [of the chief wage earner of the family] AFTER FEDERAL, STATE AND MUNICIPAL INCOME TAXES ARE DEDUCTED FROM THE GROSS INCOME OF THE CHIEF WAGE EARNER plus all other income of other members of the family over the age of twenty-one years, plus a proportion of the income of members under the age of twenty-one years to be determined by the authority solely for the purpose of establishing rent to be paid except that the authority may exclude a proportion of the income of other members of the family over the age of twenty-one years for the purpose of determining eligibility for admission or continued occupancy, or for establishing rental of such family, or for all such purposes, subject to approval by the commission- er with respect to state projects. S 2. Paragraph (a) of subdivision 2 of section 31 of the private hous- ing finance law, as amended by chapter 260 of the laws of 1996, is amended to read as follows: (a) The dwelling or non-housekeeping accommodations without board in a company project shall be available for persons or families of low income whose probable aggregate annual income at the time of admission and during the period of occupancy does not exceed, the greater of (i) the median income for such persons or families for the metropolitan statis- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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