Bill S6807-2013

Increases the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement to thirty-five thousand dollars

Increases the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement to thirty-five thousand dollars.

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  • Mar 12, 2014: REFERRED TO AGING

Memo

BILL NUMBER:S6807

TITLE OF BILL: An act to amend the real property tax law, in relation to increasing the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement in certain cases

PURPOSE: To increase the maximum allowable household income for the Senior Citizen Rent Increase Exemption ("SCRIE").

SUMMARY OF PROVISIONS:

Section one of the amends Real Property Tax Law section 467-b(3)(a) to increase the maximum allowable household income for Senior Citizen Rent Increase Exemption ("SCRIE") from $28,000 to $35,000

Section two of the bill amends Real Property Tax Law section 467-c(1)(d) by increasing the maximum allowable income in the definition of the term "head of household" from $28,000 to $35,000

Section three of the bill provides that this act shall take effect immediately, provided that the amendments in section one will not affect the expiration of section 467-b and will expire therewith.

EXISTING LAW: Real Property Tax Law sections 467-b and 467-c provide that the maximum allowable income for SCRIE eligibility is $29,000.

JUSTIFICATION: Many of the senior citizens residing in the City of New York live on fixed incomes. The maximum allowable income for SCRIE eligibility has not increased since 1979. For our seniors, even the modest inflationary increase in their fixed income could cause them to be ineligible for SCRIE because the inflationary increases to their fixed income has caused their income to exceed $29,000. This bill would increase the maximum allowable income for SCRIE eligibility so that more senior citizens would be eligible for SCRIE and, thus, could be able to stay in their homes.

LEGISLATIVE HISTORY: New bill

FISCAL IMPLICATIONS: To be determined.

EFFECTIVE DATE: This act shall take effect immediately, provided that the amendments in section one will not affect the expiration of section 467-b and will expire therewith.


Text

STATE OF NEW YORK ________________________________________________________________________ 6807 IN SENATE March 12, 2014 ___________
Introduced by Sen. GOLDEN -- read twice and ordered printed, and when printed to be committed to the Committee on Aging AN ACT to amend the real property tax law, in relation to increasing the allowable maximum income of persons occupying rental units otherwise eligible for tax abatement in certain cases THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph a of subdivision 3 of section 467-b of the real property tax law, as separately amended by chapters 188 and 205 of the laws of 2005, is amended to read as follows: a. for a dwelling unit where the head of the household is a person sixty-two years of age or older, no tax abatement shall be granted if the combined income of all members of the household for the income tax year immediately preceding the date of making application exceeds four thousand dollars, or such other sum not more than twenty-five thousand dollars beginning July first, two thousand five, twenty-six thousand dollars beginning July first, two thousand six, twenty-seven thousand dollars beginning July first, two thousand seven, twenty-eight thousand dollars beginning July first, two thousand eight, [and] twenty-nine thousand dollars beginning July first, two thousand nine, AND THIRTY-FIVE THOUSAND DOLLARS BEGINNING JULY FIRST, TWO THOUSAND FOUR- TEEN, as may be provided by the local law, ordinance or resolution adopted pursuant to this section, provided that when the head of the household retires before the commencement of such income tax year and the date of filing the application, the income for such year may be adjusted by excluding salary or earnings and projecting his or her retirement income over the entire period of such year. S 2. Paragraph d of subdivision 1 of section 467-c of the real proper- ty tax law, as separately amended by chapters 188 and 205 of the laws of 2005, is amended to read as follows: d. "Eligible head of the household" means (1) a person or his or her spouse who is sixty-two years of age or older and is entitled to the possession or to the use and occupancy of a dwelling unit, provided, however, with respect to a dwelling which was subject to a mortgage
insured or initially insured by the federal government pursuant to section two hundred thirteen of the National Housing Act, as amended "eligible head of the household" shall be limited to that person or his or her spouse who was entitled to possession or the use and occupancy of such dwelling unit at the time of termination of such mortgage, and whose income when combined with the income of all other members of the household, does not exceed six thousand five hundred dollars for the taxable period, or such other sum not less than sixty-five hundred dollars nor more than twenty-five thousand dollars beginning July first, two thousand five, twenty-six thousand dollars beginning July first, two thousand six, twenty-seven thousand dollars beginning July first, two thousand seven, twenty-eight thousand dollars beginning July first, two thousand eight, [and] twenty-nine thousand dollars beginning July first, two thousand nine, AND THIRTY-FIVE THOUSAND DOLLARS BEGINNING JULY FIRST, TWO THOUSAND FOURTEEN, as may be provided by local law; or (2) a person with a disability as defined in this subdivision. S 3. This act shall take effect immediately, provided, however, that the amendments to subdivision 3 of section 467-b of the real property tax law made by section one this act shall not affect the expiration of such subdivision and shall be deemed to expire therewith.

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