A1877 (2025-26 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
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Aging
- Introduced
- 2025-01-14
- Same as
- S1805
- Law section
- Real Property Tax Law
Sponsors
- Erik M. Dilan Assembly Member, District 54
Co-sponsors
- Karines Reyes Assembly Member, District 87
Heard in committee
- Aging NY State Assembly committee
Same as
- S1805 (2025-26 session) NY State bill