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S 5548 New York Senate · 2025 Regular Session

Relates to redetermination of a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

Summary
Permits a redetermination of a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities upon a permanent decrease in income.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief via abatement redetermination for seniors/disabled with permanent income decrease, targeting lower-income groups.90% confidence ✓ HousingSupports HousingBill adjusts tax abatements for rent-controlled properties when tenant income decreases, maintaining affordability for seniors/disabled tenants in existing housing.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 24, 2025 Last action Jan 7, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
3
Jan 7, 2026
Committee
REFERRED TO AGING
upper
Apr 29, 2025
Committee
REPORTED AND COMMITTED TO FINANCE
upper
Feb 24, 2025
Committee
REFERRED TO AGING
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Cordell Cleare
Cordell Cleare
DDemocratic
NY
30