Relates to the definition of income for tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities.
This bill establishes the Eastchester Creek Intermunicipal Economic Revitalization Agency, a joint body for the city of Mount Vernon and village of Pelham Manor. It defines a specific geographic area (231 acres in Mount Vernon and a triangular zone in Pelham Manor) where the agency will operate to advance economic development. The bill authorizes Pelham Manor to adjust its local sales tax rate within this designated area to match Mount Vernon's rate, creating uniform tax treatment for businesses and residents in the shared zone. The agency must follow existing zoning laws and coordinate with both municipalities on land use decisions.
Establishes the shovel-ready housing program under which certain municipalities, at their option, may pre-authorize parcels of property for the construction of housing; establishes a shovel-ready community tax rebate for taxpayers residing in municipalities that opt-in to the shovel-ready housing program; provides for annual apportionment to municipalities that have certified participation in the shovel-ready housing program.
Relates to creating the Neighborhood Small Business Rent Increase Exemption; provides a tax abatement for limiting rent increases on small businesses in a city of one million or more persons.
Establishes a rent increase exemption for certain nonprofit organizations; provides a tax abatement for limiting rent increases on nonprofit organizations in a city of one million or more persons.
Provides for a real property tax exemption for certain residential properties with accessory dwelling units occupied by households in need in Suffolk county when the owner of the property resides in the primary building on the property and certain other conditions are met pertaining to the percentage of the total assessment of the property, the income of the tenants of the accessory dwelling unit or units, and the amount of the rent for the accessory dwelling unit.
Authorizes the county of Nassau assessor to accept an application for a real property tax exemption from Gurdwara Guru Tegh Bahadur Sahib, Inc. for all of the 2023 general taxes.
Expands eligibility for tax abatement for rent-controlled and rent regulated property occupied by persons with disabilities to include individuals who do not meet the non-medical qualifications for SSDI and SSI but, by reason of the individual's disability, the individual is not able to engage in substantial gainful activity as that term is defined by the federal social security administration.
Authorizes recoupment by the state or any political subdivision of financial incentives such as awards, loans, grants or tax abatements, awarded businesses for purposes of job training, job creation or retention, or the development of business operations, upon recipient's failure to complete the terms of the incentive.
Provides a resident taxpayer an additional personal income tax exemption for each dependent who is 65 years of age or older and who is residing with the taxpayer; requires the office for the aging to biennially report to the governor and legislature concerning the effects of such additional tax exemption on programs offered under the auspices or with the support, direct or indirect, of the office for the aging.
