| BILL NO | S01805 |
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| SAME AS | SAME AS A01877
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| SPONSOR | FERNANDEZ |
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| COSPNSR | JACKSON, MAYER, RAMOS, SEPULVEDA |
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| MLTSPNSR | |
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| Amd §§467-b & 467-c, RPT L |
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| Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue. |
