New York bill S07570 mandates municipal corporations to establish senior citizen and disability rent increase exemption programs within one year.
New York bill S07570 amends the real property tax law to require all municipal corporations to adopt senior citizen rent increase exemption programs and disability rent increase exemption programs within one year. The bill specifies that these programs must be established following a public hearing and in accordance with the provisions of the law. The changes will take effect immediately upon the bill's enactment.
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