BILL NUMBER: S1764
SPONSOR: FERNANDEZ
 
TITLE OF BILL:
An act to amend the real property tax law, in relation to raising the
income eligibility threshold for senior citizens and disabled residents
 
PURPOSE OR GENERAL IDEA OF BILL:
To raise the income eligibility threshold for the Senior Citizen Rent
Increase Exemption (SCRIE) and Disability Rent Increase Exemption (DRIE)
from $50,000 to $75,000.
 
SUMMARY OF PROVISIONS:
Sections 1-4 amend the appropriate areas of Real Property Tax Law
regarding SCRIE & DRIE increases.
Section 5 states 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.
This legislation seeks to increase the income eligibility threshold for
SCRIE and DRIE from $50,000 to $75,000. The existing threshold has been
in place since 2014. Over the past 10 years, the cost of living has
increased rapidly, with minimal income increases for senior and disabled
New Yorkers. This increase sorely needed to help combat the affordabili-
ty crisis that the vulnerable are facing.
 
PRIOR LEGISLATIVE HISTORY:
2023 - 2024: S9774 / A10291
 
FISCAL IMPLICATIONS:
TBD
 
EFFECTIVE DATE:
This act shall take effect immediately; provided that:
(a) the amendments made to paragraph a of subdivision 3 of section 467-b
of the real property tax law made by section one of this act shall be
subject to the expiration and reversion of such paragraph when upon such
date the provisions of section two of this act shall take effect; and
(b) the amendments made to paragraph b of subdivision 3 of section 467-b
of the real property tax law made by section three of this act shall be
subject to the expiration and reversion of such paragraph when upon such
date the provisions of section four of this act shall take effect.

Statutes affected:
S1764: 467-b real property tax law, 467-b(3) real property tax law