[Adopted 7-11-1989 by L.L. No. 9-1989]
The Village of Pleasantville hereby adopts the
provisions of § 467-b, as amended, of the Real Property
Tax Law of the State of New York. Hereinafter, there shall be provided
a tax abatement in rent-regulated apartments where the combined income
of members of the household containing senior citizens (62 years of
age or older) does not exceed $12,500, and provided that, pursuant
to § 467-b of the Real Property Tax Law of the State of
New York, the benefits of such abatement are passed on to such senior
citizens. Such tax abatements are to cover 50% of increases which
cause the legal, regulated rent to exceed 1/3 of the combined income
of all household members, so long as such combined income does not
exceed $12,500.
