Bill > A02082

This bill modifies existing real property tax law provisions related to income calculations for rent-controlled and rent-regulated properties occupied by senior citizens or persons with disabilities. Specifically, the bill removes language that previously limited income increases to the Consumer Price Index (CPI) and instead allows for a more comprehensive calculation of income from all sources, including social security, retirement benefits, supplemental security income, public assistance, interest, dividends, rental income, salary, and self-employment income. The bill maintains exclusions for gifts, inheritances, and payments to Nazi persecution victims. To qualify for the rent increase exemption, households must have: 1) received a rent increase exemption order before July 1, 2024, 2) either renew that order or obtain a new one to account for temporary income changes, and 3) demonstrate that the new income calculation method results in a lower income amount. The changes aim to provide more flexible income assessment for seniors and disabled individuals living in rent-controlled or rent-regulated housing, potentially making it easier for them to maintain their housing benefits. The bill would take effect immediately upon passage.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/A2082