Assembly Bill A7729

2025-2026 Legislative Session

Relates to establishing a maximum rent of one-third of household income for the senior citizens rent increase exemption and disability rent increase exemption

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2025-A7729 (ACTIVE) - Details

See Senate Version of this Bill:
S2451
Current Committee:
Assembly Aging
Law Section:
Real Property Tax Law
Laws Affected:
Amd §467-b, RPT L; amd §§26-605 & 26-509, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2017-2018: A8424, S7057
2019-2020: A8749, S7754
2021-2022: A4433, S2806
2023-2024: A2974, S569

2025-A7729 (ACTIVE) - Summary

Relates to establishing a maximum rent of one-third of household income for the senior citizens rent increase exemption and disability rent increase exemption.

2025-A7729 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7729
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 8, 2025
                                ___________
 
 Introduced by M. of A. LASHER -- read once and referred to the Committee
   on Aging
 
 AN ACT to amend the real property tax law and the administrative code of
   the  city  of  New York, in relation to establishing a maximum rent of
   one-third of household income for the senior  citizens  rent  increase
   exemption (SCRIE) and disability rent increase exemption (DRIE)
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Short title. This act shall be known and may  be  cited  as
 the "senior citizens rent increase exemption (SCRIE) and disability rent
 increase exemption (DRIE) rollback act".
   §  2.  Subdivision  4 of section 467-b of the real property tax law is
 amended by adding a new paragraph c to read as follows:
   C. PROVIDED, HOWEVER, THAT IF PROVIDED BY THE LOCAL LAW, ORDINANCE  OR
 RESOLUTION ADOPTED PURSUANT TO THIS SECTION, A TAX ABATEMENT CERTIFICATE
 SETTING FORTH AN AMOUNT EQUAL TO THE AMOUNT BY WHICH THE MAXIMUM RENT OR
 LEGAL  REGULATED  RENT OF THE SUBSEQUENT DWELLING UNIT EXCEEDS ONE-THIRD
 OF THE COMBINED INCOME OF ALL MEMBERS OF THE HOUSEHOLD FOR  THE  TAXABLE
 PERIOD  SHALL  BE ISSUED BY SAID AGENCY TO EACH HEAD OF HOUSEHOLD WHO IS
 FOUND TO BE ELIGIBLE UNDER THIS SECTION  AND  UPON  APPLICATION  TO  THE
 APPROPRIATE  RENT  CONTROL  AGENCY  OR  ADMINISTRATIVE  AGENCY ON A FORM
 PRESCRIBED BY SAID AGENCY ON OR BEFORE THE LAST DATE PRESCRIBED  BY  LAW
 FOR  THE  PAYMENT  OF THE TAXES OR THE FIRST INSTALLMENT THEREFOR OF ANY
 MUNICIPAL CORPORATION WHICH HAS GRANTED AN ABATEMENT OF TAXES. COPIES OF
 SUCH CERTIFICATE SHALL BE ISSUED TO  THE  OWNER  OF  THE  REAL  PROPERTY
 CONTAINING  THE  DWELLING  UNIT  OF THE HEAD OF THE HOUSEHOLD AND TO THE
 COLLECTING OFFICER CHARGED WITH THE DUTY OF COLLECTING THE TAXES OR EACH
 MUNICIPAL CORPORATION WHICH HAS GRANTED THE ABATEMENT OF  TAXES  AUTHOR-
 IZED BY THIS SECTION.
   §  3.  Subdivision (a) of section 26-605 of the administrative code of
 the city of New York, as amended by local law number 98 of the  city  of
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00073-05-5
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.