|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to aging|
|Jan 09, 2013||referred to aging|
senate Bill S644
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S644 - Details
S644 - Summary
Provides that the tax abatements for certain rent-controlled and rent-regulated property occupied by senior citizens commonly known as the senior citizens' rent increase exemption (SCRIE) shall be applicable where the rent constitutes more than one-fourth rather than one-third of the tenant's income.
S644 - Sponsor Memo
BILL NUMBER:S644 TITLE OF BILL: An act to amend the real property tax law, in relation to the income level for the applicability of the senior citizens' rent increase exemption PURPOSE OR GENERAL IDEA OF BILL: Reduces from one-third to one-fourth of income the applicability of the senior citizen's rent increase exemption. SUMMARY OF SPECIFIC PROVISIONS: Subdivision 2 and subparagraph 3 of paragraph d of subdivision 3 of section 467-b of the real property tax law, subdivision 2 as amended by chapter 747 of the laws of 1985 and subparagraph 3 of paragraph d of subdivision 3 as amended by section 1 of chapter 188 of the laws of 2005 are amended.. One of the criteria that must be met in order to be eligible for the senior citizen's rent increase exemption (SCRIE) deals with household income. At least one-third of a senior's income must be used for rent in order to be eligible for SCRIE. This criteria would be lowered to include seniors who pay at least one-fourth of their income for rent. JUSTIFICATION:
S644 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 644 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. 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 the income level for the applicability of the senior citizens' rent increase exemption THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 2 and subparagraph 3 of paragraph d of subdi- vision 3 of section 467-b of the real property tax law, subdivision 2 as amended by chapter 747 of the laws of 1985 and subparagraph 3 of para- graph d of subdivision 3 as amended by section 1 of chapter 188 of the laws of 2005, are amended to read as follows: 2. The governing body of any municipal corporation is hereby author- ized and empowered to adopt, after public hearing, in accordance with the provisions of this section, a local law, ordinance or resolution providing for the abatement of taxes of said municipal corporation imposed on real property containing a dwelling unit as defined herein by one of the following amounts: (a) where the head of the household does not receive a monthly allow- ance for shelter pursuant to the social services law, an amount not in excess of that portion of any increase in maximum rent or legal regu- lated rent which causes such maximum rent or legal regulated rent to exceed [one-third] ONE-FOURTH of the combined income of all members of the household; or (b) where the head of the household receives a monthly allowance for shelter pursuant to the social services law, an amount not in excess of that portion of any increase in maximum rent or legal regulated rent which is not covered by the maximum allowance for shelter which such person is entitled to receive pursuant to the social services law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03593-01-3
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