NY A02759

Expands the veteran primary residence property tax exemption under Real Property Tax Law Section 458 to apply when the property is owned by a limited liability company, provided the LLC is owned by a person or persons who would qualify for the exemption.

Amends Real Property Tax Law Section 458-a to define "qualified owner" to include a limited liability company owned by veterans, spouses of veterans, or unremarried surviving spouses of veterans.

Allows exemptions to be combined when property is owned by multiple qualified owners and permits veterans who are also unremarried surviving spouses of veterans to receive exemptions for both statuses.

Takes effect immediately upon enactment.