BILL NUMBER: S6472
SPONSOR: CLEARE
 
TITLE OF BILL:
An act to amend the real property tax law, in relation to the definition
of income for tax abatement for rent-controlled and rent regulated prop-
erty occupied by senior citizens or persons with disabilities
 
PURPOSE:
This bill includes union dues, court-ordered support payments, business
losses and capital losses as deductions for the purposes of determining
income eligibility for the Senior Citizen Rent Increase Exemption
(SCRIE) and Disability Rent Increase Exemption (SCRIE).
 
SUMMARY OF SPECIFIC PROVISIONS:
Section one amends paragraph c of subdivision 1 of section 467-b of the
real property tax law.
Section two sets forth the effective date.
 
JUSTIFICATION:
Since the inception of the SCRIE program in 1970 until 2012, certain
administering localities included both union dues and court-ordered
support payments as deductions from the program. These deductions are no
longer part of the calculation by those localities, including for house-
holds that were recipients of SCRIE or DRIE while these deductions were
still counted against total income. This bill ensures that these
payments continue to be counted as deductions. Additionally, although
current law allows only net business income to be considered for eligi-
bility purposes, business losses, if greater than gross revenue, are not
deducted from total income. The bill would require that net business
income or losses be considered income for SCRIE and DRIE eligibility
purposes, and that the same standards will be applied to capital gains
and losses, which are not identified in current law.
 
LEGISLATIVE HISTORY:
2019-20: A.798 - Referred to Aging
2017-18: A.2602 - Referred to Aging
2015-16: A.3529 - Referred to Aging
2013-14: A.8641 - Referred to Aging
 
FISCAL IMPLICATIONS:
None to the State.
 
EFFECTIVE DATE:
This bill shall take effect immediately; provided that the amendments to
paragraph c of subdivision 1 of section 467b of the real property tax
law, made by section one of this act, shall not affect the expiration of
such section and shall be deemed to expire therewith.

Statutes affected:
S6472: 467-b real property tax law