NY S 1805
in committeeGrants real property tax abatement to rent-controlled or rent regulated properties when the maximum authorized rent exceeds 1/2 of the tenants' household income
New York · 2025-2026 Regular Session · upper
Description
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.
- Introduced
- —
- Status date
- —
- Latest action
- 2026-01-07 — REFERRED TO CITIES 1
- Bill type
- bill
- Last updated
- —
Sponsors
- Nathalia Fernandezprimary
- Robert Jacksoncosponsor
- Shelley Mayercosponsor
- Jessica Ramoscosponsor
- Luis R. Sepúlvedacosponsor
Committees
Not provided by source.
Action timeline
2025-01-14
REFERRED TO CITIES 1
referral-committee
2025-02-25
REPORTED AND COMMITTED TO FINANCE
referral-committee
2026-01-07
REFERRED TO CITIES 1
referral-committee
Versions
- S1805Compare
Documents
Votes
Cities 1 Vote
2025-02-25 · pass · 7-0
Member-level votes (7)
- Joseph P. Addabbo Jr.: yes
- Cordell Cleare: yes
- Roxanne J. Persaud: yes
- Julia Salazar: yes
- Luis R. Sepúlveda: yes
- Stephen T. Chan: yes
- Andrew J. Lanza: yes
Related bills
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
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