NY A03203

Amends the definition of "veteran" in the real property tax law to include individuals who served in active military, naval, or air service for more than 185 days and received a service-connected disability rating of 60 percent or greater from the U.S. Veterans Administration or Department of Defense.

Expands veteran eligibility for alternative real property tax exemptions to include disabled veterans regardless of whether their service occurred during a designated "period of war."

Maintains existing veteran definitions including those who served during wartime, received expeditionary medals, served as merchant seamen or civilian employees during World War II, or are current members of armed forces reserve components with honorable discharges.

Takes effect immediately with exemptions first applying to assessment rolls prepared on or after August 30, 2008.