NY A02580

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 property tax exemptions.

Moves the existing provision regarding veteran disability compensation exclusion from a conditional clause to the main text of the income definition, making it a standard exclusion rather than an optional local provision.

Applies to assessment rolls with a taxable status date on or after January 1 of the year following enactment of the legislation.

Allows senior citizens receiving veteran disability benefits to qualify more easily for property tax exemptions by reducing their countable income for eligibility purposes.