New York A 8806: Relates to a rebate against real property taxes for certain owners of real property in the city of New York

Bill Text

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A08806 Summary:

BILL NOA08806 

&nbsp

SAME ASSAME AS S08280-A

&nbsp

SPONSORWeprin

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §467-l, RPT L

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Relates to a rebate against real property taxes for certain owners of real property in the city of New York for the fiscal year commencing July 1, 2024.

Go to top A08806 Actions:

BILL NOA08806 

&nbsp

06/09/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA08806 Committee&nbspVotes:

Go to topA08806 Floor&nbspVotes:

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

Go to topA08806 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8806

 2025-2026 Regular Sessions

 IN ASSEMBLY

 June 9, 2025
 ___________

 Introduced by M. of A. WEPRIN -- read once and referred to the Committee
 on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to a rebate
 against real property taxes for certain owners of real property in the
 city of New York

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

 1 Section 1. Subdivision 1 of section 467-l of the real property tax
 2 law, as added by chapter 216 of the laws of 2022, is amended to read as
 3 follows:
 4 1. Generally. Notwithstanding any provision of any general, special or
 5 local law to the contrary, a city having a population of one million or
 6 more is hereby authorized and empowered to adopt and amend local laws in
 7 accordance with this section to grant a rebate of the annual tax of an
 8 eligible property, in the amount provided in this section, for the
 9 fiscal year beginning on the first of July, two thousand [twenty-one]
 10 twenty-four and ending on the thirtieth of June, two thousand [twenty-
 11 two] twenty-five to the owner of such eligible property, provided the
 12 qualified gross income of all the owners for whom such property serves
 13 as their primary residence was [two] five hundred [fifty] thousand
 14 dollars or less in tax year two thousand [twenty] twenty-three. Where
 15 the eligible property, other than an eligible property that is a dwell-
 16 ing unit in residential property held in the cooperative form of owner-
 17 ship, is in arrears in the payment of real property taxes, assessments,
 18 and any other charges that are made a lien subject to the provisions of
 19 chapter three of title eleven of the administrative code of the city of
 20 New York other than water rents, sewer rents and sewer surcharges, such
 21 rebate shall be applied to any such unpaid real property taxes, assess-
 22 ments, and other charges on the account of such eligible property. Where
 23 the eligible property is a dwelling unit in residential property held in
 24 the cooperative form of ownership and such residential property is in

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13078-01-5

 A. 8806 2

 1 arrears in the payment of real property taxes, assessments, and any
 2 other charges that are made a lien subject to the provisions of chapter
 3 three of title eleven of the administrative code of the city of New York
 4 other than water rents, sewer rents and sewer surcharges, such rebate
 5 shall be applied to any unpaid real property taxes, assessments, and
 6 other charges on the account of such residential property in an amount
 7 equal to the proportionate share of the arrears of the dwelling unit.
 8 Notwithstanding any provision of this article to the contrary, an owner
 9 whose property is receiving benefits pursuant to any other section of
 10 this article shall not be prohibited from receiving a rebate authorized
 11 pursuant to this section if such owner is otherwise eligible to receive
 12 such rebate.
 13 § 2. Paragraphs a, d, f and k of subdivision 2 of section 467-l of the
 14 real property tax law, as added by chapter 216 of the laws of 2022, are
 15 amended to read as follows:
 16 a. "Annual tax" means the amount of real property tax that is imposed
 17 on a property for the fiscal year beginning on the first of July, two
 18 thousand [twenty-one] twenty-four, determined after reduction for any
 19 amount for which such property is exempt, or which is abated, pursuant
 20 to applicable law, pr