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NY A06674

Bill

Official Source

Status

Introduced

3/15/2017

Primary Sponsor

Matthew Titone

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Increases real property tax exemption for combat veterans from 10 percent to 35 percent of assessed value
  • Raises the maximum exemption cap from $8,000 to $40,000 (or $40,000 multiplied by the equalization rate, whichever is less)
  • Applies to qualifying residential real property of veterans who served in a combat theater or combat zone, as documented by specified U.S. military ribbons or medals
  • Takes effect immediately and applies to assessment rolls prepared on or after January 1, 2019

Legislative Description

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

Last Action

print number 6674a

1/17/2018

Committee Referrals

Veterans' Affairs3/15/2017

Full Bill Text

No bill text available