NY A05029

Amends the definition of "period of war" under the veterans alternative property tax exemption to include the war on terrorism that commenced in 2001, specifically including hostilities in Afghanistan and Iraq

Allows cities, counties, towns, or villages to enact local laws permitting late applications for exemption from veterans who were on active duty on the taxable status date and failed to file timely

Requires eligible veterans with late applications to file within 30 days of separation from service or within 30 days of the local law's passage, whichever is later, and must submit proof of active duty service

Takes effect immediately upon enactment