Bill > A04332

This bill modifies existing laws to provide more flexible tax abatement and rent increase exemption options for senior citizens and persons with disabilities experiencing a permanent decrease in household income. Currently, individuals could only apply for a redetermination of their tax abatement if their income decreased by more than 20%, but this bill removes that specific percentage threshold. Under the new provisions, if a head of household with a valid tax abatement certificate experiences a permanent income reduction, they can apply to have their tax abatement or rent increase exemption recalculated to reestablish the original ratio between their adjusted rent and income. The bill ensures that even after recalculation, the adjusted rent will not be less than one-third of the household's combined income, with special considerations for those receiving monthly shelter allowances through social services. This change aims to provide more financial protection and flexibility for vulnerable populations experiencing income changes, such as seniors and disabled individuals living in rent-controlled or rent-regulated properties in New York.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/A4332