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NY A05308
Bill
Status
2/7/2017
Primary Sponsor
Tremaine Wright
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AI Summary
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Amends the real property tax law to exclude veteran disability compensation, as defined in Title 38 of the United States Code, from income calculations for senior citizen property tax exemptions.
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Moves the exclusion of veteran disability compensation from a conditional provision (requiring municipal adoption of a local law) to a blanket exclusion applicable to all municipalities.
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Applies to assessment rolls with a taxable status date on or after January 1 of the year following enactment.
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Takes effect immediately upon becoming law.
Legislative Description
Exempts veteran disability payments from inclusion as income of persons sixty-five years of age or over to determine eligibility for a real property tax exemption.
Last Action
referred to veterans' affairs
1/3/2018