Amd Part U 4, Chap 55 of 2014; amd 4, Chap 129 of 2014
Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by senior citizens and persons with disabilities.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A10142
SPONSOR: Lucas TITLE OF BILL:
An act to amend part U of chapter 55 of the laws of 2014, amending the
real property tax law relating to the tax abatement and exemption for
rent regulated and rent controlled property occupied by senior citizens,
in relation to the effectiveness thereof; and to amend chapter 129 of
the laws of 2014, amending the real property tax law relating to the tax
abatement and exemption for rent regulated and rent controlled property
occupied by persons with disabilities, in relation to the effectiveness
thereof
PURPOSE OR GENERAL IDEA OF BILL:
To extend provisions of the real property tax law.
SUMMARY OF SPECIFIC PROVISIONS:
Section one extends the provisions of section 4 of part U of chapter 55
of the laws of 2014, as amended by chapter 54 of the laws of 2016, for
two additional years until June 30, 2024.
Section two extends the provisions of section 4 of chapter 129 of the
laws of 2014, as amended by chapter 54 of the laws of 2016, for two
additional years until June 30, 2024.
Section three provides the effective date.
DIFFERENCE BETWEEN ORIGINAL AND AMENDED VERSION (IF APPLICABLE):
Not applicable.
JUSTIFICATION:
The Senior Citizen Rent Income Exemption (SCRIE) and Disability Rent
Income Exemption (DRIE) programs help eligible low-income senior citi-
zens and people with disabilities remain in their homes by authorizing
local governments to exempt them from rent-increases in certain housing.
Chapter 55 of the Laws of 2014 and Chapter 129 of the Laws of 2014
raised the income eligibility for the SCRIE and DRIB programs, respec-
tively, from $29,000 to $50,000 for each head of household. This bill
extends those provisions of law for another two years.
PRIOR LEGISLATIVE HISTORY:
New bill.
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None.
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
10142
IN ASSEMBLY
May 2, 2022
___________
Introduced by M. of A. LUCAS -- read once and referred to the Committee
on Aging
AN ACT to amend part U of chapter 55 of the laws of 2014, amending the
real property tax law relating to the tax abatement and exemption for
rent regulated and rent controlled property occupied by senior citi-
zens, in relation to the effectiveness thereof; and to amend chapter
129 of the laws of 2014, amending the real property tax law relating
to the tax abatement and exemption for rent regulated and rent
controlled property occupied by persons with disabilities, in relation
to the effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 4 of part U of chapter 55 of the laws of 2014,
2 amending the real property tax law relating to the tax abatement and
3 exemption for rent regulated and rent controlled property occupied by
4 senior citizens, as amended by section 1 of item Z of subpart B of part
5 XXX of chapter 58 of the laws of 2020, is amended to read as follows:
6 § 4. This act shall take effect July 1, 2014, and sections one and two
7 of this act shall expire and be deemed repealed June 30, [2022] 2024;
8 provided that the amendment to section 467-b of the real property tax
9 law made by section one of this act shall not affect the expiration of
10 such section and shall be deemed to expire therewith.
11 § 2. Section 4 of chapter 129 of the laws of 2014, amending the real
12 property tax law relating to the tax abatement and exemption for rent
13 regulated and rent controlled property occupied by persons with disabil-
14 ities, as amended by section 2 of item Z of subpart B of part XXX of
15 chapter 58 of the laws of 2020, is amended to read as follows:
16 § 4. This act shall take effect July 1, 2014 provided, however, that:
17 (a) the amendments to paragraph b of subdivision 3 of section 467-b of
18 the real property tax law made by section one of this act shall be
19 subject to the expiration and reversion of such subdivision pursuant to
20 section 17 of chapter 576 of the laws of 1974, as amended, when upon
21 such date the provisions of section two of this act shall take effect;
22 and
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15403-01-2
A. 10142 2
1 (b) nothing contained in this act shall be construed so as to extend
2 the provisions of this act beyond June 30, [2022] 2024, when upon such
3 date this act shall expire and the provisions contained in this act
4 shall be deemed repealed.
5 § 3. This act shall take effect immediately.
