New York A 1603: Relates to excluding annuity roll-over transfers from taxable income for seniors

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A01603 Summary:

BILL NOA01603 

&nbsp

SAME ASSAME AS S10105

&nbsp

SPONSORForrest

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §14, Pub Hous L

&nbsp

Relates to succession rights for rent stabilized housing; reduces the succession residency requirement from two years to one.

Go to top A01603 Actions:

BILL NOA01603 

&nbsp

01/10/2025referred to housing

01/07/2026referred to housing

Go to topA01603 Committee&nbspVotes:

Go to topA01603 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA01603 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1603

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 10, 2025
 ___________

 Introduced by M. of A. FORREST -- read once and referred to the Commit-
 tee on Housing

 AN ACT to amend the public housing law, in relation to succession rights
 for rent stabilized housing

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Paragraph (a) of subdivision 4 of section 14 of the public
 2 housing law, as added by chapter 116 of the laws of 1997, the opening
 3 paragraph as amended by section 3 of part A of chapter 760 of the laws
 4 of 2023, is amended to read as follows:
 5 (a) that unless otherwise prohibited by occupancy restrictions based
 6 upon income limitations pursuant to federal, state or local law, regu-
 7 lations or other requirements of governmental agencies, any member of
 8 the tenant's family, as defined in paragraph (c) of this subdivision,
 9 shall succeed to the rights of a tenant under such acts and laws where
 10 the tenant has permanently vacated the housing accommodation and such
 11 family member has resided with the tenant in the housing accommodation
 12 as a primary residence for a period of no less than [two years] one
 13 year, or where such person is a "senior citizen" or a "disabled person,"
 14 as defined in paragraph (c) of this subdivision, for a period of no less
 15 than one year, immediately prior to the permanent vacating of the hous-
 16 ing accommodation by the tenant, or from the inception of the tenancy or
 17 commencement of the relationship, if for less than such periods. For the
 18 purposes of this paragraph, "permanently vacated" shall mean the date
 19 when the tenant of record permanently stops residing in the housing
 20 accommodation regardless of subsequent contacts with the unit or the
 21 signing of lease renewals or continuation of rent payments. The minimum
 22 periods of required residency set forth in this subdivision shall not be
 23 deemed to be interrupted by any period during which the "family member"
 24 temporarily relocates because [he or she] such family member:
 25 (i) is engaged in active military duty;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02099-02-5

 A. 1603 2

 1 (ii) is enrolled as a full time student;
 2 (iii) is not in residence at the housing accommodation pursuant to a
 3 court order not involving any term or provision of the lease, and not
 4 involving any grounds specified in the real property actions and
 5 proceedings law;
 6 (iv) is engaged in employment requiring temporary relocation from the
 7 housing accommodation;
 8 (v) is hospitalized for medical treatment; or
 9 (vi) has such other reasonable grounds that shall be determined by the
 10 commissioner upon application by such person.
 11 § 2. This act shall take effect immediately.

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps