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A02257 Summary:

BILL NO    A02257 

SAME AS    No same as 

SPONSOR    Quart (MS)

COSPNSR    Goldfeder, Gottfried, Simanowitz, Colton, Scarborough, Jaffee,
           Weprin, Hooper, Mosley, Pichardo, Davila

MLTSPNSR   Glick, Ortiz

Amd SS467-b & 467-c, RPT L

Provides for annual adjustment by the commissioner of housing and community
renewal of the maximum income threshold for eligibility for the senior
citizens' rent increase exemption (SCRIE) and for the municipal property tax
abatement for rent-controlled and rent regulated property occupied by senior
citizens by any increase in the consumer price index (CPI); raises eligibility
of income level to $30,000; excludes from the definition of "income" the out of
pocket expenses for all medical and prescription drugs not reimbursed or paid
for by insurance in determining eligibility for the real property tax exemption
relating to the senior citizen rent increase exemption; provides such
additional exclusions from income and the indexing are at local option.
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