Establishes discounted parking permits for seniors

This bill creates a program to lower the cost of quarterly parking permits for seniors in New York City who meet specific income requirements. To qualify, applicants must be at least 62 years old and earn 50% or less of the area median income. The law mandates that eligible individuals pay no more than half the standard rate for these permits, which are valid only for the specific vehicle listed on their application. Applications must be submitted to the city department, and the new rules will take effect 90 days after the bill is signed into law.