NY A06464

Amends the definition of "period of war" in the real property tax law to include the war on terrorism that commenced in 2001, encompassing hostilities in Afghanistan and Iraq

Allows municipalities to accept late applications for the veterans alternative property tax exemption from owners who failed to file while on active duty with the U.S. Armed Forces

Requires late applicants to file within 30 days of separation from service or within 30 days of the municipality's passage of the enabling local law, whichever is later

Requires late applicants to submit proof of active duty service as prescribed by the state board

Takes effect immediately upon enactment