New York A 2082: Relates to pension income and tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

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 
A02082 Summary:

BILL NOA02082 

&nbsp

SAME ASSAME AS S06473

&nbsp

SPONSORRosenthal

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §467-b, RPT L

&nbsp

Relates to pension income and tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities.

Go to top A02082 Actions:

BILL NOA02082 

&nbsp

01/15/2025referred to aging

01/07/2026referred to aging

Go to topA02082 Committee&nbspVotes:

Go to topA02082 Floor&nbspVotes:

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

Go to topA02082 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2082

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 15, 2025
 ___________

 Introduced by M. of A. ROSENTHAL -- read once and referred to the
 Committee on Aging

 AN ACT to amend the real property tax law, in relation to pension income
 and tax abatement for rent-controlled and rent regulated property
 occupied by senior citizens or persons with disabilities

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

 1 Section 1. Clause (B) of subparagraph (ii) of paragraph c of subdivi-
 2 sion 1 of section 467-b of the real property tax law, as amended by
 3 chapter 276 of the laws of 2023, is amended to read as follows:
 4 (B) provided, however, that income may be calculated as the income
 5 from all sources after deduction of all income and social security taxes
 6 and includes social security and retirement benefits, supplemental secu-
 7 rity income and additional state payments, public assistance benefits,
 8 interest, dividends, net rental income, salary or earnings, and net
 9 income from self-employment, but shall not include gifts or inheritanc-
 10 es, payments made to individuals because of their status as victims of
 11 Nazi persecution, as defined in federal P.L. 103-286, or increases in
 12 benefits accorded pursuant to the social security act or a public or
 13 private pension paid to any member of the household [which increase, in
 14 any given year, does not exceed the consumer price index (all items
 15 United States city average)] for such year which take effect after the
 16 date of eligibility of head of the household receiving benefits here-
 17 under whether received by the head of the household or any other member
 18 of the household, when the following conditions are met:
 19 (1) a rent increase exemption order was granted to the head of house-
 20 hold prior to July first, two thousand twenty-four;
 21 (2) such rent increase exemption order is either renewed after each
 22 benefit period or granted pursuant to paragraph (d) of subdivision two
 23 of this section to account for a temporary increase in income;
 24 (3) income calculated as described in this subparagraph would yield a
 25 lower amount than income calculated as described in subparagraph (i) of
 26 this paragraph; and
 27 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05818-01-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps