Loading chat...
NY A04908
Bill
Status
2/9/2015
Primary Sponsor
Raymond Walter
Click for details
AI Summary
-
Allows assessors in counties, cities, towns, or villages to accept late applications for veterans property tax exemptions if the governing body adopts a resolution authorizing this practice
-
Permits late exemption applications only when a veteran has sold their previously exempt residence during the current tax year
-
Requires the veteran to submit the new exemption application before the first day of the following tax year
-
Limits late applications to "qualifying residential real property" as defined in Real Property Tax Law section 458-a
-
Directs municipal tax collectors to adjust tax liability if notified of the new exemption before tax payment is made
Legislative Description
Authorizes assessor of taxing municipality to accept late application for veterans exemption from real property taxes if veteran has sold a property that was exempt, the application is made prior to first day of new tax year and the property subject to taxation is a qualifying residential real property.
Last Action
held for consideration in veterans' affairs
5/17/2016