Bill > S00631

This bill amends the Real Property Tax Law to allow for more flexible reclassification of rent for senior citizens and people with disabilities who experience a significant income decrease. Specifically, the bill modifies an existing tax abatement program that helps low-income households manage their rent by allowing heads of households to apply for a redetermination of their adjusted rent if their combined household income permanently decreases by more than 20%. The bill introduces a new provision that allows local jurisdictions to make this rent reclassification retroactive to the date of income reduction, with the retroactive period limited to the date of the most recently approved application or renewal. The term "adjusted rent" is defined as the maximum legal rent minus the amount specified in a tax abatement certificate. The bill aims to provide additional financial relief for households experiencing income challenges, giving them more flexibility in managing their housing costs. The changes are intended to help seniors and disabled individuals maintain affordable housing when their financial circumstances change. The bill takes effect immediately upon enactment.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/S631