Loading chat...
NY A02646
Bill
Status
Introduced
1/20/2015
Primary Sponsor
Harry Bronson
Click for details
AI Summary
- Expands the geographic scope for veteran property tax exemption transfers from within the same city, town, or village to within the same county
- Allows exceptions for cities with populations of one million or more persons, which may continue transferring exemptions within the same city only
- Requires the assessor to transfer and prorate the exemption for the remainder of the fiscal year based on the date the veteran obtains title to the new property
- Prorated exemption is calculated by multiplying applicable tax rates by the previously granted exempt amount by the fraction of the fiscal year remaining after transfer
- Requires veterans to reapply for the exemption by the following taxable status date if they wish to receive it in future fiscal years
Legislative Description
Relates to prorating a veteran's exemption if such veteran moves within the same county, or in the case of a city having a population of one million or more persons, within the same city.
Last Action
substituted by s2938a
5/4/2015
Committee Referrals
Ways and Means3/10/2015
Veterans' Affairs1/20/2015
Full Bill Text
No bill text available