Raises the income eligibility for senior citizens and disabled residents

This bill raises the income limit for senior citizens (62+) and disabled residents to qualify for property tax abatements under New York's real property tax law. It increases the maximum combined household income from $50,000 to $75,000 for both groups, effective July 1, 2025. The change directly affects seniors and disabled residents whose household income falls below this new threshold, allowing them to maintain tax abatements they previously lost at higher income levels. The bill amends existing tax law provisions to adjust these income limits annually, with the $75,000 standard replacing the prior $50,000 limit.