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A01104 Summary:

BILL NOA01104
 
SAME ASSAME AS S05226
 
SPONSORRichardson
 
COSPNSRCarroll, Hyndman, Rivera, Rosenthal L, Hooper, Ortiz, Harris, Colton, Walker, Blake, Niou, Seawright, Barron
 
MLTSPNSRJones, Simon
 
Amd 467-b, RPT L
 
Provides that the tax abatements for certain rent-controlled and rent-regulated property occupied by senior citizens commonly known as the senior citizens' rent increase exemption (SCRIE) shall be applicable where the rent constitutes more than one-fourth rather than one-third of the tenant's income.
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