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Bill

A 1946

Relates to the definition of income for tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

2025 Regular Session Introduced by Linda Rosenthal

Redefines income for tax abatements on rent-controlled units for seniors or disabled residents, altering eligibility and relief amounts for landlords and tenants.

REFERRED TO AGING
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Bill Summary · A 1946

Summary of Assembly Bill A 1946

Overview

  • Bill Number: A 1946
  • Title: Relates to the definition of income for tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities
  • Status: Referred to the Aging Committee
  • Introduced: January 14, 2025
  • Classification: bill

Purpose and intent

  • The bill seeks to modify how the term “income” is defined for the purpose of a tax abatement program applicable to rent-controlled and rent-regulated properties that are occupied by senior citizens or persons with disabilities.
  • The overarching aim appears to be altering the calculation or eligibility framework of the tax abatement tied to housing serving seniors and/or people with disabilities.

Note: The provided materials do not include the full text of the bill, so the precise definitional changes to “income” (e.g., which income components are included or excluded) are not specified here.

Key provisions (as described)

  • Scope of change: Redefinition of the income used to determine eligibility or benefit amount for the relevant tax abatement.
  • Subject properties: Rent-controlled and rent-regulated properties occupied by senior citizens or persons with disabilities.
  • Administration: The bill is currently assigned to the Aging Committee, indicating a focus on elder housing issues and related affordability programs.

The exact statutory language and specifics of how the income definition would change (e.g., treatment of certain benefits, deductions, or income thresholds) are not provided in the summary.

Who is affected

  • Primary beneficiaries: Landlords and property owners of rent-controlled or rent-regulated units that are occupied by seniors or people with disabilities, who may see changes to tax abatements they receive.
  • Indirect beneficiaries: Tenants in qualifying properties (seniors and disabled individuals) who may experience changes in the affordability support structure via altered tax abatements passed through to rents.
  • Administrators/Localities: Agencies or authorities administering the tax abatement program would implement the new income definition.

Procedural and timeline aspects

  • Action to date: Introduced and referred to the Aging Committee on January 14, 2025.
  • Legislative path: Likely to undergo committee hearings, potential amendments, and floor consideration if advanced; no further actions listed yet.
  • Related legislation:
    • Related Assembly bills from prior sessions: A 3529, A 8641, A 2602, A 798, A 2137, A 827
    • Companion Senate bill: S 6472 (listed twice in the provided materials)

Potential impacts and considerations

  • The change could broaden or narrow who qualifies for tax abatements by altering what counts as income, thereby affecting eligibility and benefit amounts.
  • Fiscal implications for local governments or state programs administering the tax abatement, depending on how the new income definition shifts total abatements.
  • Administrative considerations for implementing and auditing the revised definition of income.

Next steps for stakeholders

  • Monitor committee hearings and the complete text of A 1946 to understand the exact definitional edits.
  • Review any fiscal notes or analyses released by the sponsor or committee.
  • Consider alignment with or impacts on existing rent control, rent stabilization, and elder housing policies.

Sponsor: Linda Rosenthal (primary)

Companion and related bills indicate ongoing legislative interest in adjusting income definitions for housing-related tax relief serving seniors and disabled residents.

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

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