WeVote
Log In

Bill

Bill

A 230

Relates to tax abatement for rent-controlled and rent regulated property occupied by and real property owned by senior citizens or persons with disabilities

2025 Regular Session Introduced by Sam Berger and 3 co-sponsors

Bill A 230 offers tax relief to senior citizens and disabled individuals in rent-controlled properties, aiming to lower housing costs and enhance stability for vulnerable residents.

REFERRED TO AGING
0
WeVote Research Nonpartisan
Bill Summary · A 230

Summary of Bill A 230

Bill Information

  • Bill Number: A 230
  • Title: Relates to tax abatement for rent-controlled and rent-regulated property occupied by and real property owned by senior citizens or persons with disabilities
  • Status: Referred to Aging
  • Introduced: January 08, 2025
  • Classification: Bill

Purpose and Intent

Bill A 230 aims to provide tax relief to senior citizens and persons with disabilities who occupy rent-controlled or rent-regulated properties. The intent is to alleviate the financial burden on these vulnerable populations, ensuring they can maintain their housing stability and quality of life.

Key Provisions

  • Tax Abatement: The bill proposes a tax abatement for property owners of rent-controlled and rent-regulated units that are occupied by senior citizens or individuals with disabilities. This would reduce the property tax burden on landlords, potentially leading to lower rents for tenants.
  • Eligibility Criteria: Specific eligibility criteria for both tenants and property owners will be established, focusing on age, disability status, and income levels to ensure that the benefits are directed to those most in need.
  • Implementation Timeline: While the bill is currently in the referral stage, further details regarding the implementation timeline and specific tax abatement amounts will be developed as the bill progresses through the legislative process.

Who Would Be Affected

  • Senior Citizens: Individuals aged 65 and older who reside in rent-controlled or rent-regulated properties would benefit directly from the proposed tax relief.
  • Persons with Disabilities: Individuals with disabilities who occupy similar housing would also be eligible for the tax abatement, helping to reduce their financial strain.
  • Property Owners: Landlords of rent-controlled and rent-regulated properties would receive tax relief, which may incentivize them to maintain or improve their properties.

Legislative Process

  • Current Status: As of January 8, 2025, the bill has been referred to the Aging Committee for further consideration.
  • Related Bills: This bill is related to several prior-session bills (A 7843, A 480, A 2122) and has a companion bill in the Senate (S 6533), indicating ongoing legislative interest in this issue.

Conclusion

Bill A 230 represents a significant effort to support senior citizens and persons with disabilities by providing tax relief for those living in rent-controlled and rent-regulated properties. As the bill moves through the legislative process, further details will emerge regarding its implementation and specific provisions. This initiative aims to enhance housing stability for some of the most vulnerable members of the community.

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

Sign in to ask a question.