Relates to establishing ground rent rebates for eligible homeowners and renters in the Battery Park project area
Summary
Relates to establishing ground rent rebates for eligible homeowners and renters in the Battery Park project area; provides for a rebate program; provides for a process for application and certification.
Bill status
passed both
4 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Jun 2026
Senate Passage
Jun 2026
Assembly Passage
Jun 2026
Governor
Introduced Jan 10, 2025
Last action Jun 2, 2026
Maddy AI version diff · 1 comparison
What changed between versions
S1462
→
S1462A
·
3 edits
MINOR
The bill was amended to update the financial eligibility timeline and session tracking. The primary change shifts the income verification year from 2025 to 2026, ensuring the rebate program aligns with the upcoming fiscal year for determining who qualifies for ground rent rebates. Additionally, the bill's title was updated to reflect its new status as a recommitment and third reading measure in the 2025-2026 legislative session.
Scope change
The scope of the bill remains the same, targeting homeowners and renters in the Battery Park project area, but the eligibility window for income calculation has been extended by one year.
ELIGIBILITY
The year used to calculate household income for rebate eligibility was changed from 2025 to 2026, allowing residents to apply for rebates based on their income in the new fiscal year.
TIMELINE
The bill's header was updated to include 'Cal. No. 583' and reflect its progression through the Senate committee process, including a favorable report and third reading.
TECHNICAL
The bill number was updated from '1462' to '1462--A' to indicate this is a revised version of the original legislation.
Floor votes · Senate May 28, 2025 · Assembly Jun 2, 2026
How they voted
40–21
Passed · 2 other
Total votes 63
May 28, 2025
D
Democratic41
97% Yea
R
Republican22
95% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
27
Key actions
5
Committee
5
Amendments
1
Jun 2, 2026
Lower · Passed
PASSED ASSEMBLY
lower
Jun 1, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
Jun 1, 2026
Upper · Passed
REPASSED SENATE
upper
May 26, 2026
Upper · Passed
AMENDED ON THIRD READING 1462A
upper
Apr 1, 2026
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
lower
Apr 1, 2026
Upper · Passed
PASSED SENATE
upper
Jan 7, 2026
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
upper
May 28, 2025
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
lower
May 28, 2025
Upper · Passed
PASSED SENATE
upper
Jan 10, 2025
Committee
REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Brian Kavanagh
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about S 1462
Scope: NY
Hi! I can help you understand S 1462. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline