NY A06140

Expands the veterans property tax exemption to include active members of the military, defined as persons currently serving in active military, naval, or air service.

Active military members become eligible for the same property tax exemptions as veterans, including the base exemption and additional exemptions for combat service (up to $8,000) and service-connected disabilities (up to $40,000).

Requires active military members to annually refile their statement of service or a copy of active duty orders with the local tax assessor to maintain exemption eligibility, unlike veterans who do not need to refile annually.

Extends all references to veterans throughout the exemption statute to include active military members, their spouses, and unremarried surviving spouses of active military members.

Takes effect January 1 of the year following enactment and applies to assessment rolls prepared on or after the effective date.