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NY A08186
Bill
Status
Introduced
6/6/2011
Primary Sponsor
Fred Thiele
Click for details
AI Summary
- Increases maximum property tax exemptions for disabled veterans under sections 458-a and 458-b of the Real Property Tax Law, adding multiple new threshold options up to $45,000, $30,000, and $150,000 respectively for standard municipalities
- Allows "high-appreciation municipalities" (cities, counties with established sales price differential factors for STAR exemptions, and cities/towns/villages within such counties) to adopt local laws providing even higher exemption thresholds, up to $75,000, $50,000, and $250,000 respectively
- Permits counties, cities, towns, and villages to adopt local laws either reducing exemptions to lower amounts or increasing them to the new maximum amounts based on local fiscal needs
- Takes effect January 2, 2013, applying to assessment rolls prepared on or after that taxable status date
Legislative Description
Relates to exemptions available to veterans.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means5/1/2012
Veterans' Affairs6/6/2011
Full Bill Text
No bill text available