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NY A08367

Bill

Official Source

Status

Introduced

5/15/2009

Primary Sponsor

Matthew Titone

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Increases the real property tax exemption for combat veterans from 10 percent to 35 percent of assessed value
  • Increases the maximum exemption cap from $8,000 to $40,000, or $40,000 multiplied by the state equalization rate for the assessing unit, whichever is less
  • Applies to veterans who served in a combat theatre or combat zone as documented by United States campaign ribbons, service medals, expeditionary medals, or global war on terrorism expeditionary medal
  • Takes effect immediately and applies to assessment rolls prepared on or after January 1, 2009

Legislative Description

Increases the amount combat veterans shall be exempt from real property taxation to thirty-five percent.

Last Action

referred to veterans' affairs

1/6/2010

Committee Referrals

Veterans' Affairs5/15/2009

Full Bill Text

No bill text available