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Bill

A 1901

Relates to redetermination based on income for a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

2025 Regular Session Introduced by Linda Rosenthal

Bill A 1901 adjusts tax abatements for senior citizens and disabled individuals in rent-controlled properties based on income, enhancing housing affordability for these groups.

REFERRED TO AGING
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Bill Summary · A 1901

Summary of Bill A 1901

Overview

Bill Number: A 1901
Title: Relates to redetermination based on income for a tax abatement for rent-controlled and rent-regulated property occupied by senior citizens or persons with disabilities
Status: Referred to Aging
Introduced: January 14, 2025
Classification: Bill

Purpose and Intent

The primary purpose of Bill A 1901 is to establish a framework for the redetermination of tax abatements specifically for rent-controlled and rent-regulated properties occupied by senior citizens and individuals with disabilities. The bill aims to ensure that these vulnerable populations receive appropriate financial relief based on their income levels, thereby enhancing their ability to afford housing.

Key Provisions

  • Income Redetermination: The bill proposes a systematic approach to reassess the income of tenants who are senior citizens or persons with disabilities. This reassessment will determine their eligibility for tax abatements on their rent-controlled or rent-regulated properties.
  • Tax Abatement Adjustments: The legislation seeks to adjust the tax abatement amounts based on the updated income information, ensuring that the financial support provided is equitable and reflective of the tenants' current economic situations.
  • Eligibility Criteria: The bill specifies that only senior citizens and persons with disabilities residing in rent-controlled or rent-regulated properties will be eligible for these tax abatements, thereby targeting assistance to those who may be most in need.

Affected Parties

  • Senior Citizens: Individuals aged 65 and older who reside in rent-controlled or rent-regulated housing will benefit from the provisions of this bill.
  • Persons with Disabilities: Individuals with disabilities living in similar housing situations will also be eligible for the tax abatement adjustments.
  • Landlords and Property Owners: Property owners of rent-controlled and rent-regulated units may experience changes in their tax obligations as a result of the adjustments made under this bill.

Procedural Aspects

  • Current Status: As of January 14, 2025, the bill has been referred to the Aging Committee for further consideration.
  • Related Legislation: This bill is part of a broader legislative context, with several related bills from prior sessions (A 814, A 8700, A 4214, A 1215, A 2310, A 724) and a companion bill (S 6470) that may influence or complement its provisions.

Conclusion

Bill A 1901 represents a targeted effort to provide financial relief to senior citizens and persons with disabilities living in rent-controlled and rent-regulated properties. By establishing a process for income redetermination and adjusting tax abatements accordingly, the bill aims to enhance housing affordability for these vulnerable groups. The bill is currently under review by the Aging Committee, and its progress will be closely monitored by stakeholders involved in housing and social welfare.

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

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