A 2389 New York Assembly · 2023 Regular Session

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

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 26, 2023 Last action Jan 3, 2024
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 3, 2024
Committee
REFERRED TO AGING
lower
Jan 26, 2023
Committee
REFERRED TO AGING
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Erik Dilan
Erik Dilan
DDemocratic
NY
54