A2389 — Grants real property tax abatement to rent-controlled or rent regulated properties when the maximum authorized rent exceeds 1/2 of the tenants' household income

A2389 — Grants real property tax abatement to rent-controlled or rent regulated properties when the maximum authorized rent exceeds 1/2 of the tenants' household income · Informed CitizenryThis bill amends the real property tax law to expand eligibility for real property tax abatements on rent-controlled or rent-regulated properties. Specifically, it allows for tax abatements for ind…Open in Informed Citizenry