New York bills · 2025 Regular Session
New York A 1877
Grants real property tax abatement to rent-controlled or rent regulated properties when the maximum authorized rent exceeds 1/2 of the tenants' household income
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Erik Dilan (Democratic)
Cosponsors (2)
- Karines Reyes (Democratic)
- Noah Burroughs (Democratic/Working Families)
Summary
Official abstract published by the New York legislature
Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 7, 2026 · House
REFERRED TO AGING - Jan 14, 2025 · House
REFERRED TO AGING