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Bill

A 5884

Expands eligibility for tax abatement for rent-controlled and rent regulated property occupied by persons with disabilities

2025 Regular Session Introduced by Catalina Cruz and 14 co-sponsors

Bill A 5884 expands tax abatement eligibility for rent-controlled properties occupied by individuals with disabilities, enhancing housing affordability for this vulnerable group.

REFERRED TO AGING
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Bill Summary · A 5884

Summary of Bill A 5884

Bill Number: A 5884
Title: Expands eligibility for tax abatement for rent-controlled and rent-regulated property occupied by persons with disabilities
Status: Referred to Aging
Introduced: February 24, 2025
Classification: Bill

Purpose and Intent

Bill A 5884 aims to expand the eligibility criteria for tax abatements specifically for rent-controlled and rent-regulated properties that are occupied by individuals with disabilities. The intent of this legislation is to provide financial relief to disabled tenants, making housing more affordable and accessible for this vulnerable population.

Key Provisions

  • Expanded Eligibility: The bill proposes to broaden the criteria under which tenants with disabilities can qualify for tax abatements on rent-controlled and rent-regulated properties.
  • Tax Abatement Benefits: The specifics of the tax abatement, including the percentage of the abatement and the income thresholds for eligibility, will be defined in the bill's final text.
  • Focus on Accessibility: The legislation emphasizes the importance of ensuring that individuals with disabilities have stable and affordable housing options.

Affected Parties

  • Tenants with Disabilities: The primary beneficiaries of this bill will be individuals with disabilities living in rent-controlled and rent-regulated properties, who may face financial challenges due to their circumstances.
  • Property Owners: Landlords of rent-controlled and rent-regulated properties may also be impacted, as the bill could alter their tax obligations depending on the number of eligible tenants.

Procedural Aspects

  • Current Status: As of February 24, 2025, the bill has been referred to the Aging Committee for further consideration.
  • Related Legislation: This bill is related to previous legislative efforts, including:
    • S 6260 (prior-session)
    • S 2952 (prior-session)
    • S 4503 (companion bill)

Conclusion

Bill A 5884 represents a significant step towards enhancing housing affordability for individuals with disabilities in rent-controlled and rent-regulated properties. By expanding eligibility for tax abatements, the bill seeks to alleviate some of the financial burdens faced by this demographic, promoting greater equity in housing access. The bill is currently under review by the Aging Committee, and further developments will be monitored as it progresses through the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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