NY A05728

Allows municipal assessors to accept late veterans property tax exemption applications after the normal filing deadline if a veteran sold their previously-exempted residence within the current tax year and applies for an exemption on a new qualifying residential property before the next tax year begins

Requires the municipal collecting officer to adjust tax liability and refund appropriate amounts if the exemption is approved after taxes have already been paid

Applies to veterans exemptions under Real Property Tax Law sections 458 and 458-a for qualifying residential real property as defined in section 458-a

Takes effect immediately upon enactment