Exemptions from real property taxes and payments in lieu of taxes for certain properties owned by senior citizens or persons with disabilities.
Introduced
Moved
Reached a final decision
Introduced Jun 20, 2024
Derived from the official record below.
Officially: “A Local Law to amend the administrative code of the city of New York, in relation to exemptions from real property taxes and payments in lieu of taxes for certain properties owned by senior citizens or persons with disabilities” Read the full text
Finance
What it does
This bill would incorporate recent state law changes to the definition of income for the Senior Citizen Homeowners’ Exemption (SCHE) and the Disabled Homeowners’ Exemption (DHE), extend SCHE and DHE exemptions to eligible individuals who make payments in lieu of taxes (PILOT) in Battery Park City, make technical and clarifying changes related to gender neutrality, and codify eligibility of life estates and trusts for the SCHE exemption.
Summary written by City Council staff, from the official record. Plain-language AI rewrite with cited sections coming. Not legal advice.
Where it is
Introduced by Council · Jun 20, 2024
Referred to Comm by Council · Jun 20, 2024
Who decides next
This bill sits with the Finance committee. These members decide whether it ever reaches a vote; 99% of bills a committee approves become law.
Linda Lee · chairAlexa AvilésChristopher MarteCrystal HudsonDarlene MealyFrank MoranoJames F. GennaroJustin E. SanchezLincoln RestlerMercedes NarcisseNantasha M. WilliamsOswald J. FelizPhil WongSelvena N. Brooks-PowersShaun AbreuShirley AldebolVirginia Maloney
Official documents
Summary of Int. No. 961
officialInt. No. 961
officialJune 20, 2024 - Stated Meeting Agenda
officialHearing Transcript - Stated Meeting 6-20-24
officialMinutes of the Stated Meeting - June 20, 2024
officialStraight from the Council record: fiscal impact statements, committee reports, and hearing transcripts as filed.
The numbers
5
sponsors on the bill
Sponsors
Every fact on this page links to its source, starting with the official bill record. Last action: Referred to Comm by Council (Jun 20, 2024).