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Bill > A05741
NY A05741
NY A05741Provides for annual adjustment of the maximum income threshold for eligibility for the senior citizen rent increase exemption (SCRIE), disability rent increase exemption (DRIE), senior citizen homeowners' exemption (SCHE), and disabled homeowners' exemption (DHE) by any increase in the consumer price index (CPI).
summary
Introduced
03/23/2023
03/23/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the real property tax law, in relation to increasing the combined household income limit for eligibility for a senior citizen rent increase exemption (SCRIE), disability rent increase exemption (DRIE), senior citizen homeowners' exemption (SCHE), and disabled homeowners' exemption (DHE) on the basis of the consumer price index
AI Summary
This bill amends the Real Property Tax Law to provide for the annual adjustment of the maximum income threshold for eligibility for the Senior Citizen Rent Increase Exemption (SCRIE), Disability Rent Increase Exemption (DRIE), Senior Citizen Homeowners' Exemption (SCHE), and Disabled Homeowners' Exemption (DHE) based on any increase in the Consumer Price Index (CPI). The maximum income thresholds are increased to $61,000 beginning July 1, 2024, and will be further adjusted annually based on the CPI for the respective region.
Committee Categories
Health and Social Services
Sponsors (7)
Deborah Glick (D)*,
Juan Ardila (D),
Robert Carroll (D),
Inez Dickens (D),
Chris Eachus (D),
Stacey Pheffer Amato (D),
Rebecca Seawright (D),
Last Action
print number 5741a (on 05/28/2024)
Official Document
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