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NY A09025
Bill
Status
1/12/2018
Primary Sponsor
Michael Cusick
Click for details
AI Summary
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Adds new section 458-c to Real Property Tax Law allowing counties, cities, towns, and villages to adopt local laws providing a 10% real property tax exemption for residential property owned by active duty service members serving in a combat zone during the taxable year.
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Defines "active service in the armed forces" as active duty (other than training) in the U.S. Army, Navy, Marine Corps, Air Force, or Coast Guard as defined in title ten of the U.S. Code.
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Defines "combat zone" as an area designated by the President of the United States by executive order.
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Prohibits municipalities from exempting qualifying real property from taxes levied for school purposes and limits the exemption to the applicant's primary residence only.
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Requires property owners to apply for the exemption on a form prescribed by the commissioner, providing such information as the commissioner requires; takes effect immediately upon enactment.
Legislative Description
Authorizes municipalities to offer a real property tax exemption for property owned by certain persons performing active duty in a combat zone in an amount equal to ten percent of the assessed value of the real property.
Last Action
referred to veterans' affairs
1/12/2018