NY A07344

Amends the definition of "veteran" under New York real property tax law to include individuals with service-connected disabilities rated 60 percent or greater by the U.S. Veterans Administration or Department of Defense.

Expands eligibility for the veterans alternative exemption to veterans who served in active military, naval, or air service for more than 185 days and received a 60 percent or greater disability compensation rating.

Removes the requirement that veterans must have served during a "period of war" to qualify for the property tax exemption if they meet the disability rating threshold.

Applies to assessment rolls prepared on or after August 30, 2008, with the act taking effect immediately upon passage.