S8994 — 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

S8994 — 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 property tax abatements for residents of rent-controlled or rent-regulated housing. Specifically, it allows for tax abatements f…Open in Informed Citizenry