Assembly Bill A792

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    792
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 8, 2025
                                ___________
 
 Introduced  by  M.  of  A.  ROSENTHAL  --  read once and referred to the
   Committee on Aging
 
 AN ACT to amend the real property tax  law,  in  relation  to  excluding
   veterans'  benefits  and workers' compensation benefits from the defi-
   nition of income for purposes of  the  senior  citizen  rent  increase
   exemptions  (SCRIE) program and the 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. The opening paragraph of clause (B) of subparagraph (ii) of
 paragraph  c  of subdivision 1 of section 467-b of the real property tax
 law, as amended by chapter 276 of the laws of 2023, is amended  to  read
 as follows:
   provided,  however,  that  income may be calculated as the income from
 all sources after deduction of all income and social security taxes  and
 includes  social security and retirement benefits, supplemental security
 income and additional state payments, public assistance benefits, inter-
 est, dividends, net rental income, salary or earnings,  and  net  income
 from  self-employment,  but  shall  not  include  gifts or inheritances,
 payments made to individuals because of their status as victims of  Nazi
 persecution,  as  defined in federal P.L. 103-286, or ANY MONEY RECEIVED
 FROM VETERANS' BENEFITS OR WORKERS' COMPENSATION BENEFITS, OR  increases
 in  benefits accorded pursuant to the social security act or a public or
 private pension paid to any member of the household which  increase,  in
 any  given  year,  does  not  exceed the consumer price index (all items
 United States city average) for such year which take  effect  after  the
 date  of  eligibility  of head of the household receiving benefits here-
 under whether received by the head of the household or any other  member
 of the household, when the following conditions are met:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02562-01-5
              

 A. 792                              2
 
   §  2.  The opening paragraph of clause (ii) of subparagraph 2 of para-
 graph f of subdivision 1 of section 467-c of the real property tax  law,
 as  amended  by  chapter  276 of the laws of 2023, is amended to read as
 follows:
   provided,  however,  that  income  may  be  calculated  as  the income
 received by the eligible head of the household combined with the  income
 of  all  other members of the household from all sources after deduction
 of all income and social security taxes and includes without limitation,
 social security and retirement benefits,  supplemental  security  income
 and  additional  state  payments,  public assistance benefits, interest,
 dividends, net rental income, salary and earnings, and net  income  from
 self  employment,  but shall not include gifts or inheritances, payments
 made to individuals because of their status as victims  of  Nazi  perse-
 cution  as  defined in federal P.L. 103-286, nor ANY MONEY RECEIVED FROM
 VETERANS' BENEFITS OR WORKERS' COMPENSATION BENEFITS, NOR  increases  in
 benefits  accorded  pursuant  to  the social security act or a public or
 private pension paid to any member of the household which  increase,  in
 any  given  year,  does  not  exceed the consumer price index (all items
 United States city average) for such year which take  effect  after  the
 eligibility date of an eligible head of the household receiving benefits
 hereunder  whether received by the eligible head of the household or any
 other member of the household, when the following conditions are met:
   § 3. This act shall take effect immediately.