BILL NUMBER: S9418
SPONSOR: CLEARE
 
TITLE OF BILL:
An act to amend part U of chapter 55 of the laws of 2014, amending the
real property tax law relating to the tax abatement and exemption for
rent regulated and rent controlled property occupied by senior citizens,
in relation to the effectiveness thereof; and to amend chapter 129 of
the laws of 2014, amending the real property tax law relating to the tax
abatement and exemption for rent regulated and rent controlled property
occupied by persons with disabilities, in relation to the effectiveness
thereof
 
PURPOSE OR GENERAL IDEA OF BILL::
The purpose of this bill is to extend provisions of law related to the
Senior Citizen Rent Income Exemption (SCRIE) and Disability Rent Income
Exemption (DRIE) programs.
 
SUMMARY OF PROVISIONS::
Section one extends the provisions of section 4 of part U of chapter 55
of the laws of 2014, as amended by chapter 292 of the laws of 2022, for
two additional years until June 30, 2026.
Section two extends the provisions of section 4 of chapter 129 of the
laws of 2014, as amended by chapter 292 of the laws of 2022, for two
additional years until June 30, 2026.
Section three sets the effective date.
 
JUSTIFICATION::
The Senior Citizen Rent Income Exemption (SCRIE) and Disability Rent
Income Exemption (DRIE) programs help eligible low-income senior citi-
zens and people with disabilities remain in their homes by authorizing
local governments to exempt them from rent-increases in certain housing.
Chapter 55 of the laws of 2014 and Chapter 129 of the Laws of 2014
raised the income eligibility for the SCRIE and DRIE programs, respec-
tively, from $29,000 to $50,000 for each head of household. This bill
would extend those provisions for an additional two years.
 
PRIOR LEGISLATIVE HISTORY::
Chapter 292 of the laws of 2022
 
FISCAL IMPLICATIONS::
None.
 
EFFECTIVE DATE::
This act shall take effect immediately.