NY A02322

Exempts primary residences owned by active-duty military members serving in hostile fire or imminent danger zones from municipal property taxes, except school district and special assessment taxes.

Defines hazardous service as duty subject to hostile fire or imminent danger as defined in federal law (37 U.S.C. § 310(a)), regardless of congressional war declaration.

Requires annual applications to local assessing units on or before the taxable status date, with the Commissioner establishing rules and regulations for exemption approval.

Makes the state responsible for compensating municipalities for lost tax revenue from exempt properties through state aid payments computed and certified by the Commissioner.

Takes effect 120 days after enactment, applying to properties with taxable status dates on or before that date, with Commissioner authorized to implement necessary regulations immediately.