Senate Bill S9418

2023-2024 Legislative Session

Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by certain persons

download bill text pdf

Sponsored By

Current Bill Status Via A10141 - Passed Senate

  • 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-S9418 (ACTIVE) - Details

See Assembly Version of this Bill:
A10141
Law Section:
Taxation
Laws Affected:
Amd Part U §4, Chap 55 of 2014; amd §4, Chap 129 of 2014
Versions Introduced in 2021-2022 Legislative Session:
S9308, A10142

2023-S9418 (ACTIVE) - Summary

Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by senior citizens and persons with disabilities until 2026.

2023-S9418 (ACTIVE) - Sponsor Memo

2023-S9418 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9418
 
                             I N  S E N A T E
 
                               May 15, 2024
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Aging
 
 AN ACT to amend part U of chapter 55 of the laws of 2014,  amending  the
   real  property tax law relating to the tax abatement and exemption for
   rent regulated and rent controlled property occupied by  senior  citi-
   zens,  in  relation to the effectiveness thereof; and to amend chapter
   129 of the laws of 2014, amending the real property tax  law  relating
   to  the  tax  abatement  and  exemption  for  rent  regulated and rent
   controlled property occupied by persons with disabilities, in relation
   to the effectiveness thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  4  of  part U of chapter 55 of the laws of 2014,
 amending the real property tax law relating to  the  tax  abatement  and
 exemption  for  rent  regulated and rent controlled property occupied by
 senior citizens, as amended by chapter 292  of  the  laws  of  2022,  is
 amended to read as follows:
   § 4. This act shall take effect July 1, 2014, and sections one and two
 of  this  act  shall expire and be deemed repealed June 30, [2024] 2026;
 provided that the amendment to section 467-b of the  real  property  tax
 law  made  by section one of this act shall not affect the expiration of
 such section and shall be deemed to expire therewith.
   § 2. Section 4 of chapter 129 of the laws of 2014, amending  the  real
 property  tax  law  relating to the tax abatement and exemption for rent
 regulated and rent controlled property occupied by persons with disabil-
 ities, as amended by chapter 292 of the laws of 2022, is amended to read
 as follows:
   § 4. This act shall take effect July 1, 2014 provided, however, that:
   (a) the amendments to paragraph b of subdivision 3 of section 467-b of
 the real property tax law made by section  one  of  this  act  shall  be
 subject  to the expiration and reversion of such subdivision pursuant to
 section 17 of chapter 576 of the laws of 1974,  as  amended,  when  upon
 such  date  the provisions of section two of this act shall take effect;
 and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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