Extends the effectiveness of certain provisions dealing with tax exemptions for rent regulated properties occupied by senior citizens and persons.
New York S05547 amends part U of chapter 55 of the laws of 2014 and chapter 129 of the laws of 2014, both of which relate to the real property tax law. It extends the effectiveness of provisions that provide tax abatement and exemption for rent regulated and rent controlled properties occupied by senior citizens and persons with disabilities. The changes will take effect on July 1, 2014, and will expire on June 30, 2028.
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