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S08994 Summary:
| BILL NO | S08994 |
| SAME AS | SAME AS A02389 |
| SPONSOR | FERNANDEZ |
| COSPNSR | MAYER, RAMOS |
| 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. | |