Assembly Bill A2389

2023-2024 Legislative Session

Grants real property tax abatement to rent-controlled or rent regulated properties when the maximum authorized rent exceeds 1/2 of the tenants' household income

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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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2023-A2389 (ACTIVE) - Details

See Senate Version of this Bill:
S8994
Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§467-b & 467-c, RPT L
Versions Introduced in Other Legislative Sessions:
2015-2016: A7938
2017-2018: A6669, A8979
2019-2020: A7308
2021-2022: A3292

2023-A2389 (ACTIVE) - Summary

Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.

2023-A2389 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2389
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 26, 2023
                                ___________
 
 Introduced  by M. of A. DILAN -- read once and referred to the Committee
   on Aging
 
 AN ACT to amend the real property tax law, in relation to tax abatements
   for dwelling units occupied by certain persons residing in  rent-cont-
   rolled or rent regulated properties; and providing state aid to cities
   affected by such tax abatements

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The section heading of section 467-b of the  real  property
 tax  law,  as  amended by chapter 188 of the laws of 2005, is amended to
 read as follows:
   Tax abatement for rent-controlled and rent regulated property occupied
 by senior citizens or persons with  disabilities  OR  PERSONS  PAYING  A
 MAXIMUM  RENT  OR  LEGAL  REGULATED  RENT  WHICH EXCEEDS ONE-HALF OF THE
 COMBINED INCOME OF ALL MEMBERS OF THEIR HOUSEHOLD.
   § 2. Paragraph b of subdivision 1 of section 467-b of the real proper-
 ty tax law, as amended by chapter 188 of the laws of 2005, is amended to
 read as follows:
   b. "Head of the household" means a person (i) who is  sixty-two  years
 of  age  or older, [or] (ii) who qualifies as a person with a disability
 pursuant to subdivision five of this section, OR (III) WHO PAYS A  MAXI-
 MUM  RENT OR LEGAL REGULATED RENT WHICH EXCEEDS ONE-HALF OF THE COMBINED
 INCOME OF ALL MEMBERS  OF  THEIR  HOUSEHOLD,  and  is  entitled  to  the
 possession or to the use or occupancy of a dwelling unit;
   §  3.  Subdivision 2 of section 467-b of the real property tax law, as
 amended by chapter 747 of the laws of 1985, paragraph (c)  as  added  by
 chapter  553  of  the laws of 2015 and paragraph (d) as added by chapter
 343 of the laws of 2016, is 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03204-01-3
              

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