Bill > S06473

This bill modifies an existing law related to income calculations for rent increase exemptions for senior citizens or persons with disabilities in rent-controlled or rent-regulated properties. Specifically, the bill removes language that previously limited income increases to the Consumer Price Index (CPI) and instead allows for the inclusion of certain pension and benefit increases that take effect after a household becomes eligible for rent increase exemptions. The bill requires that: (1) a rent increase exemption order was granted before July 1, 2024, (2) the exemption order is either renewed or granted to account for temporary income changes, and (3) the new income calculation method results in a lower income amount. The bill defines income comprehensively, including sources like social security, retirement benefits, supplemental security income, public assistance, interest, dividends, rental income, salary, and self-employment income, while explicitly excluding gifts, inheritances, and payments to Nazi persecution victims. The changes aim to provide more flexible income calculation methods for qualifying households, potentially making rent increase exemptions more accessible. The bill takes effect immediately upon passage.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/S6473