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NY A04403
Bill
Status
Introduced
2/5/2013
Primary Sponsor
Fred Thiele
Click for details
AI Summary
- Increases maximum property tax exemption amounts available to veterans under Real Property Tax Law sections 458-a and 458-b
- Adds new exemption tier options up to $45,000 for standard exemptions and up to $250,000 for school district exemptions
- Provides additional higher exemption tiers (up to $75,000 and $250,000) for municipalities designated as "high-appreciation municipalities" based on property value appreciation
- Defines "high-appreciation municipality" as cities, counties with established sales price differential factors, and municipalities wholly or partly located within such counties
- Takes effect January 2, 2015, applying to assessment rolls based on taxable status dates on or after that date
Legislative Description
Relates to exemptions available to veterans.
Last Action
reported referred to ways and means
3/11/2014
Committee Referrals
Ways and Means3/11/2014
Veterans' Affairs1/8/2014
Ways and Means4/15/2013
Veterans' Affairs2/5/2013
Full Bill Text
No bill text available