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S05226 Summary:
BILL NO | S05226 |
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SAME AS | SAME AS A01104 |
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SPONSOR | STAVISKY |
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COSPNSR | |
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MLTSPNSR | |
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Amd §467-b, RPT L | |
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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. |