NY S03931

Expands veterans property tax exemption eligibility to include persons currently engaged in active military service of the United States, in addition to veterans and their spouses.

Defines "active military service" as full-time duty in the Army, Navy (including Marine Corps), Air Force, or Coast Guard of the United States.

Allows active military service members to claim combat zone exemptions (up to $8,000) and service-connected disability exemptions (up to $40,000 based on disability rating).

Requires active military service members to refile annual statements of service or copies of active duty orders each year to maintain exemption eligibility, unlike veterans who file once.

Takes effect January 1st following enactment and applies to assessment rolls prepared on or after that date.