New York A01901 amends the real property tax law to allow redetermination of tax abatements for rent-controlled and rent-regulated properties based.

New York A01901 amends the real property tax law to allow for redetermination of tax abatements for rent-controlled and rent-regulated properties occupied by senior citizens or persons with disabilities. The bill allows for redetermination if there is a permanent increase or decrease in the combined income of all members of the household that exceeds twenty percent of the income represented in the head of the household's last approved application for a tax abatement certificate or for renewal.

New York A01901 amends the real property tax law to allow redetermination of tax abatements for rent-controlled and rent-regulated properties based.

New York A01901 amends the real property tax law to allow for redetermination of tax abatements for rent-controlled and rent-regulated properties occupied by senior citizens or persons with disabilities. The bill allows for redetermination if there is a permanent increase or decrease in the combined income of all members of the household that exceeds twenty percent of the income represented in the head of the household's last approved application for a tax abatement certificate or for renewal.