S8994 (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 Senate bill
- Session
- 2023-24 session
- Status
- In Senate Committee
- Latest action date
- 2024-05-07
- In committee
- Finance
- Introduced
- 2024-04-08
- Same as
- A2389
- Law section
- Real Property Tax Law
Sponsors
- Nathalia Fernandez State Senator, District 34
Co-sponsors
- Jessica Ramos State Senator, District 13
- Luis R. Sepúlveda State Senator, District 32
- Robert Jackson State Senator, District 31
Heard in committee
Same as
- A2389 (2023-24 session) NY State bill
Committee meetings
Committee meetings that took this bill up, from the Senate's published agendas. The Assembly does not publish its committee agendas in machine-readable form, so an Assembly committee's consideration of a bill is not on this list.
- Cities 1, 2024-05-07 Referred to committee; referred to Finance