A1877 — 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
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
- Sponsor: Erik Dilan
- Status: in_committee
- Introduced: 2025-01-14T11:07:02.768+00:00
- State: New York
- Chamber: house