Loading chat...

NY A02945

Bill

Official Source

Status

Introduced

1/20/2015

Primary Sponsor

Matthew Titone

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Increases the real property tax exemption for combat veterans from 10 percent to 35 percent of assessed property value
  • Raises the maximum exemption cap from $8,000 to $40,000, or the product of $40,000 multiplied by the state equalization rate, whichever is less
  • Applies to veterans who served in combat theatres or combat zones as documented by U.S. campaign ribbons, service medals, or specified expeditionary medals
  • Takes effect immediately and applies to assessment rolls prepared on or after January 1, 2017

Legislative Description

Increases the amount combat veterans shall be exempt from real property taxation to thirty-five percent.

Last Action

print number 2945a

1/29/2016

Committee Referrals

Veterans' Affairs1/20/2015

Full Bill Text

No bill text available