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NY A05041
Bill
Status
2/10/2011
Primary Sponsor
James Hayes
Click for details
AI Summary
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Allows assessors to accept late applications for veterans property tax exemptions under Real Property Tax Law sections 458 and 458-A after the standard filing deadline
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Applicant must have sold a residence in the current tax year that had a granted veterans exemption and must apply for the new exemption before the first day of the following tax year
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Property must qualify as "qualifying residential real property" as defined in section 458-A of the Real Property Tax Law
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Requires municipal collecting officers to adjust tax liability if notified of the new exemption before taxes are paid, or to refund the appropriate amount if notification comes after payment
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Takes effect immediately upon enactment
Legislative Description
Authorizes assessor of taxing municipality to accept late application for veterans exemption from real property taxes if veteran has sold a property that was exempt, the application is made prior to first day of new tax year and the property subject to taxation is a qualifying residential real property.
Last Action
enacting clause stricken
12/16/2011