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Assembly Bill A2666

2025-2026 Legislative Session

Requires municipal corporations to adopt senior citizen rent increase exemption programs and disability rent increase exemption programs

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Current Bill Status - In Assembly Committee

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2025-A2666 (ACTIVE) - Details

See Senate Version of this Bill:
S7570
Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467-b, RPT L
Versions Introduced in 2023-2024 Legislative Session:
A6398, S6305

2025-A2666 (ACTIVE) - Summary

Requires all municipal corporations to adopt senior citizen rent increase exemption programs and disability rent increase exemption programs within one year.

2025-A2666 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2666
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 21, 2025
                                ___________
 
 Introduced  by  M.  of  A.  CUNNINGHAM  -- read once and referred to the
   Committee on Aging
 
 AN ACT to amend the real property tax  law,  in  relation  to  requiring
   municipal   corporations  to  adopt    senior  citizen  rent  increase
   exemption programs and disability rent increase exemption programs

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. The opening paragraph of subdivision 2 of section 467-b of
 the real property tax law, as amended by chapter  747  of  the  laws  of
 1985, is amended to read as follows:
   [The]  NO  LATER THAN ONE YEAR AFTER THE EFFECTIVE DATE OF THE CHAPTER
 OF THE LAWS OF TWO THOUSAND TWENTY-FIVE THAT AMENDED  THIS  SUBDIVISION,
 THE  governing  body of [any] A municipal corporation [is hereby author-
 ized and empowered to] SHALL adopt, after public hearing, in  accordance
 with  the  provisions  of this section, a local law, ordinance or resol-
 ution 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:
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05619-01-5

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