Bill
Bill > A05344
NY A05344
NY A05344Provides for 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
02/13/2025
02/13/2025
In Committee
01/07/2026
01/07/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 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; 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
AI Summary
This bill proposes to adjust the maximum income thresholds for eligibility for several tax relief programs for seniors and individuals with disabilities, including the Senior Citizen Rent Increase Exemption (SCRIE), Disability Rent Increase Exemption (DRIE), Senior Citizen Homeowners' Exemption (SCHE), and Disabled Homeowners' Exemption (DHE). Currently, these income limits are set at specific dollar amounts, but this bill would allow these limits to automatically increase each year based on any rise in the Consumer Price Index (CPI), which is a measure of inflation. The CPI is published by the U.S. Bureau of Labor Statistics and reflects changes in the prices of goods and services. The bill specifies which regional CPI to use depending on the location of the housing accommodation, with a particular index for New York City and surrounding counties, and another for the broader Northeast Region. This adjustment aims to ensure that the real value of these exemptions is maintained over time, preventing inflation from eroding their benefit for eligible individuals. The bill also makes technical changes to the effective dates of related laws.
Committee Categories
Health and Social Services
Sponsors (12)
Deborah Glick (D)*,
Noah Burroughs (D),
Robert Carroll (D),
Catalina Cruz (D),
Judy Griffin (D),
Micah Lasher (D),
Grace Lee (D),
Stacey Pheffer Amato (D),
Steven Raga (D),
Rebecca Seawright (D),
Jo Anne Simon (D),
Tony Simone (D),
Last Action
print number 5344a (on 01/15/2026)
Official Document
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