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NY A09168
Bill
Status
Introduced
2/1/2016
Primary Sponsor
Fred Thiele
Click for details
AI Summary
- Amends real property tax law section 458-b to modify veteran property tax exemption rules
- Exemption period of ten years begins from the assessment roll on or after the effective date of the local law providing the exemption for existing qualified owners
- For new purchasers, the ten-year period begins from the assessment roll at least sixty days after purchase, or earlier if exemption is granted within sixty days of purchase
- If exempt property is sold and replaced with other residential real property before the ten-year period expires, the exemption may continue for the remaining unexpired portion of the ten-year period
Legislative Description
Relates to exemptions available to veterans.
Last Action
substituted by s6385a
3/23/2016
Committee Referrals
Rules3/22/2016
Ways and Means2/8/2016
Veterans' Affairs2/1/2016
Full Bill Text
No bill text available