Senate Bill S2960A

2023-2024 Legislative Session

Provides for adjustment of the maximum income threshold for eligibility for SCRIE, DRIE, SCHE and DHE by any increase in the consumer price index

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Sponsored By

Current Bill Status - On Floor Calendar


  • 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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Bill Amendments

co-Sponsors

2023-S2960 - Details

See Assembly Version of this Bill:
A5741
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§467-b, 467-c, 467 & 459-c, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: S1134
2011-2012: S1372
2013-2014: S1218
2015-2016: S3865
2017-2018: S4493, S7069
2019-2020: S2363
2021-2022: S2897

2023-S2960 - Summary

Provides for adjustment of the maximum income threshold for eligibility for the senior citizen rent increase exemption (SCRIE), disability rent increase exemption (DRIE), senior citizen homeowners' exemption (SCHE), and disabled homeowners' exemption (DHE) by any increase in the consumer price index (CPI).

2023-S2960 - Sponsor Memo

2023-S2960 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2960
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 26, 2023
                                ___________
 
 Introduced  by  Sens. KAVANAGH, HOYLMAN-SIGAL, SERRANO -- 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 increasing the
   combined  household  income limit for eligibility for a senior citizen
   rent increase exemption (SCRIE), disability  rent  increase  exemption
   (DRIE),  senior  citizen  homeowners'  exemption  (SCHE), and disabled
   homeowners' exemption (DHE) 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. Paragraphs a and b of subdivision 3 of section 467-b of the
 real  property tax law, paragraph a as amended by section 1 of part U of
 chapter 55 of the laws of 2014 and paragraph b as amended by chapter 129
 of the laws of 2014, are 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,  twenty-nine  thousand
 dollars  beginning  July  first,  two  thousand nine, and fifty thousand
 dollars beginning July first, two thousand fourteen, 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07217-01-3
              

co-Sponsors

2023-S2960A (ACTIVE) - Details

See Assembly Version of this Bill:
A5741
Law Section:
Real Property Tax Law
Laws Affected:
Amd §§467-b, 467-c, 467 & 459-c, RPT L
Versions Introduced in Other Legislative Sessions:
2009-2010: S1134
2011-2012: S1372
2013-2014: S1218
2015-2016: S3865
2017-2018: S4493, S7069
2019-2020: S2363
2021-2022: S2897

2023-S2960A (ACTIVE) - Summary

Provides for adjustment of the maximum income threshold for eligibility for the senior citizen rent increase exemption (SCRIE), disability rent increase exemption (DRIE), senior citizen homeowners' exemption (SCHE), and disabled homeowners' exemption (DHE) by any increase in the consumer price index (CPI).

2023-S2960A (ACTIVE) - Sponsor Memo

2023-S2960A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2960--A
     Cal. No. 1105
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 26, 2023
                                ___________
 
 Introduced  by Sens. KAVANAGH, ADDABBO, HOYLMAN-SIGAL, JACKSON, KRUEGER,
   ROLISON, SERRANO -- read twice and ordered printed, and  when  printed
   to  be  committed  to  the  Committee  on  Aging -- recommitted to the
   Committee on Aging in  accordance  with  Senate  Rule  6,  sec.  8  --
   reported  favorably from said committee and committed to the Committee
   on Finance -- reported favorably from said committee, ordered to first
   and second report, ordered to a third  reading,  amended  and  ordered
   reprinted, retaining its place in the order of third reading
 
 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), disability  rent  increase  exemption
   (DRIE),  senior  citizen  homeowners'  exemption  (SCHE), and disabled
   homeowners' exemption (DHE) 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. Paragraphs a and b of subdivision 3 of section 467-b of the
 real  property tax law, paragraph a as amended by section 1 of part U of
 chapter 55 of the laws of 2014 and paragraph b as amended by chapter 129
 of the laws of 2014, are 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,  twenty-nine  thousand
 dollars  beginning  July  first, two thousand nine, [and] fifty thousand
 dollars beginning July first, two thousand fourteen, AND SIXTY-ONE THOU-
 SAND DOLLARS BEGINNING JULY FIRST, TWO THOUSAND TWENTY-FOUR, as  may  be
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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