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NY A02277
Bill
Status
1/14/2011
Primary Sponsor
Annette Robinson
Click for details
AI Summary
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Amends the real property tax law to exclude veteran disability compensation, as defined in Title 38 of the United States Code, from income calculations for senior citizen real property tax exemptions.
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Allows municipalities to adopt a local law, ordinance, or resolution providing for this exclusion after holding a public hearing.
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Applies to assessment rolls with a taxable status date on or after January 1 of the year following enactment of the legislation.
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Aligns with existing exemptions that already exclude gifts, inheritances, and payments to Nazi persecution victims from income calculations for senior property tax exemptions.
Legislative Description
Exempts veteran disability payments from inclusion as income of persons sixty-five years of age or over to determine eligibility for a real property tax exemption.
Last Action
referred to veterans' affairs
1/4/2012