New York A02666 requires all municipal corporations to adopt senior citizen and disability rent increase exemption programs within one year.

New York A02666 amends the real property tax law to mandate that all municipal corporations adopt senior citizen and disability rent increase exemption programs within one year. These programs are designed to provide tax relief to eligible residents, specifically targeting those who are seniors or have disabilities. The adoption must occur after a public hearing and in accordance with the provisions of the law. The bill takes effect immediately upon enactment.

New York A02666 requires all municipal corporations to adopt senior citizen and disability rent increase exemption programs within one year.

New York A02666 amends the real property tax law to mandate that all municipal corporations adopt senior citizen and disability rent increase exemption programs within one year. These programs are designed to provide tax relief to eligible residents, specifically targeting those who are seniors or have disabilities. The adoption must occur after a public hearing and in accordance with the provisions of the law. The bill takes effect immediately upon enactment.