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NY A05067
Bill
Status
2/11/2011
Primary Sponsor
James Hayes
Click for details
AI Summary
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Allows school districts to adopt a resolution providing a school tax exemption of up to 50 percent of assessed valuation for residential property owned by disabled veterans, following a public hearing
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Requires veterans to have at least a 40 percent service-related disability to qualify for the exemption and must reside on the property
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Veterans must submit a certified statement from the U.S. Department of Veterans' Affairs documenting a permanent service-related physical impairment limiting major life activities by at least 40 percent
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Exemption applications must be submitted on a form prescribed by the State Board of Real Property Services
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Effective date of June 1, 2012
Legislative Description
Provides that after a public hearing a school district may adopt a resolution providing a school tax exemption on residential property owned by a veteran with at least a forty percent disability; provides that in order to qualify for such an exemption, an individual shall submit to the assessor a certified statement from the bureau of veterans' affairs stating that he has a permanent service related physical impairment which limits such individual's major life activities by at least forty percent.
Last Action
enacting clause stricken
12/16/2011