New York - Session 2025-2026
Title: 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 to cities affected thereby equal to 10% of lost real property tax revenue.
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| Date | Event | Detail |
|---|---|---|
| 2025-01-14 | Introduced | Bill introduced |
| 2026-01-07 | Status | in_committee |
| 2026-01-07 | Latest Action | In Senate Committee |
| Bill | Title | Status |
|---|---|---|
| A 10311 | Requires a procedure for notification when a family member applies and is denied by a limited-profit housing company to succeed a lease or occupancy agreement | in_committee |
| A 10721 | Provides for a continuation of senior citizen rent increase exemption benefits after a period of ineligibility | in_committee |
| A 10727 | Enacts the "housing transparency act" | in_committee |
| A 4877 | Relates to enacting the rent emergency stabilization for tenants act on local determinations of a housing emergency | in_committee |
| A 5381 | Expands documentation requirements for limited-profit housing companies | in_committee |
| A 9016 | Requires property/casualty insurance companies to submit certain data to the department of financial services and authorizes premium discounts to policyholders who demonstrate certain mitigation actions | in_committee |
| J 1826 | Memorializing Governor Kathy Hochul to proclaim April 2026, as Fair Housing Month in the State of New York | in_committee |
| A 10724 | Provides an exemption from taxes on income to certain taxpayers who claim at least one dependent under the age of five | in_committee |