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A03078 Summary:

BILL NO    A03078 

SAME AS    SAME AS S00644

SPONSOR    Clark (MS)

COSPNSR    

MLTSPNSR   DenDekker

Amd S467-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.