A2389 (2023-24 session)
NY State bill
Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.
- Title
- Grants real property tax abatement to rent-controlled or rent regulated properties when the maximum authorized rent exceeds 1/2 of the tenants' household income
- Type
- New York State Assembly bill
- Session
- 2023-24 session
- Status
- In Assembly Committee
- Latest action date
- 2024-01-03
- In committee
- Aging
- Introduced
- 2023-01-26
- Same as
- S8994
- Law section
- Real Property Tax Law
Sponsors
- Erik M. Dilan Assembly Member, District 54
Heard in committee
- Aging NY State Assembly committee
Same as
- S8994 (2023-24 session) NY State bill