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.
S T A T E O F N E W Y O R K
________________________________________________________________________
10124
I N A S S E M B L Y
May 11, 2016
___________
Introduced by M. of A. RICHARDSON, O'DONNELL -- read once and referred
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 subdivi-
sion 3 of section 467-b of the real property tax law, subdivision 2 as
amended by chapter 747 of the laws of 1985, paragraph (c) of subdivision
2 as added and subparagraph 3 of paragraph d of subdivision 3 as amended
by chapter 553 of the laws of 2015, 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.
(c) Provided, however, that in a city of a population of one million
or more, where the head of household has been granted a rent increase
exemption order that is in effect as of January first, two thousand
fifteen or takes effect on or before July first, two thousand fifteen,
the amount determined by paragraph (a) of this subdivision shall be an
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
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