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A08979 Summary:

BILL NOA08979
 
SAME ASNo Same As
 
SPONSORDilan
 
COSPNSR
 
MLTSPNSR
 
Amd 467-b & 467-c, RPT L
 
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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