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S08994 Summary:

BILL NOS08994
 
SAME ASSAME AS A02389
 
SPONSORFERNANDEZ
 
COSPNSRJACKSON, MAYER, RAMOS, SEPULVEDA
 
MLTSPNSR
 
Amd 467-b & 467-c, RPT L
 
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.
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