Relates to applicants eligible for a rent increase exemption order and abatement of taxes pursuant to certain local law, ordinance or resolution in a city with a population of one million or more; provides that such applicants shall be those found eligible before 03/31/2024.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A7394
SPONSOR: Glick TITLE OF BILL:
An act to amend the real property tax law, in relation to applicants
eligible for a rent increase exemption order and abatement of taxes
pursuant to certain local law, ordinance or resolution in a city with a
population of one million or more
PURPOSE:
This bill extends the effective date for S9471 of 2022 / Chapter 687 of
2022, which will grant sufficient time to the City of New York to enact
the necessary local legislation to extend the Senior Citizen Rent
Increase Exemption (SCRIE) and the Disability Rent Increase Exemption
(DRIE) in New York City for residents in former Mitchell-Lama rental
buildings.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 of this legislation amends Subdivision 13 of Section 467-c of
the Real Property Tax Law to specify that tenants in former Mitchell-
Lama rental developments may qualify for SCRIE and DRIE and can have
their rents frozen at the amount they were paying on May 31, 2022,
provided that these tenants apply on or before March 31, 2024 and are
found eligible.
Section 2 of the bill sets forth the effective date.
JUSTIFICATION:
This bill amends A.10508 of 2022, which was signed into law as Chapter
687 of 2022. The law expands the Senior Citizens Rent Increase Exemption
and Disability Rent Increase Exemption programs to qualifying former
Mitchell-Lama tenants. Eligible applicants would have their rents frozen
at the amount they were paying on May 31, 2022 as long as they apply by
the law's effective date and are then found eligible.
Previously, this effective date was set at 180 days after A.10508 took
effect, or by June 13, 2023. However, this date does not provide suffi-
cient time for New York City to enact the necessary local law to imple-
ment the SCRIE/DRIE expansion. This bill amends the law's effective date
to ensure New York City has the time needed to enact its local law.
LEGISLATIVE HISTORY:
This bill amends 59471/A10508 of 2022, which passed the Senate in March
2022 and passed the Assembly in May 2022 and was signed into law as
Chapter 687 of 2022.
FISCAL IMPLICATIONS:
None to the State; minimal implications for the City of New York.
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
7394
2023-2024 Regular Sessions
IN ASSEMBLY
May 19, 2023
___________
Introduced by M. of A. GLICK -- read once and referred to the Committee
on Real Property Taxation
AN ACT to amend the real property tax law, in relation to applicants
eligible for a rent increase exemption order and abatement of taxes
pursuant to certain local law, ordinance or resolution in a city with
a population of one million or more
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 13 of section 467-c of the real property tax
2 law, as amended by chapter 687 of the laws of 2022, is amended to read
3 as follows:
4 13. In a city with a population of one million or more, any such local
5 law, ordinance or resolution may provide for a rent increase exemption
6 order and the abatement of taxes of such city imposed on real property
7 formerly subject to the provisions of Article II of the private housing
8 finance law prior to the effective date of the chapter of the laws of
9 two thousand twenty-two that added this subdivision containing dwelling
10 units that are subject to a regulatory agreement in which the qualifying
11 head of household or their qualifying successor in interest: (a) has a
12 signed agreement with the landlord to limit increases in maximum rent
13 for the lifetime of the tenancy to an amount established by the rent
14 guidelines board in its annual guidelines for rent adjustments for hous-
15 ing accommodations subject to the emergency tenant protection act of
16 nineteen seventy-four or the administrative code of the city of New York
17 or to another amount provided for in such regulatory agreement; and (b)
18 is otherwise eligible for such tax abatement. Any such local law, ordi-
19 nance, or resolution may provide that the effective date of a rent
20 increase exemption order/tax abatement certificate shall be May thirty-
21 first, two thousand twenty-two for any applicant found eligible [within
22 one hundred eighty days of the date the provisions of this subdivision
23 take effect] on or before March thirty-first, two thousand twenty-four.
24 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11433-01-3
