Permits localities to opt to reduce renters' payments towards rent to one-third of household income for eligible participants in the SCRIE and DRIE programs

This bill was amended to clarify that tax abatement certificates for senior citizens and disabled tenants are only issued if local laws specifically authorize them, rather than automatically for all cities with populations over one million. The amendment also reorganized the bill's structure by merging the original Section 3 into the new Section 3 and renumbering subsequent sections, while removing specific references to cities with populations of one million or more.