NY S00959

Defines "active military service of the United States" and "in the armed forces of the United States" as full-time duty in the army, navy, marine corps, air force, or coast guard of the United States.

Extends the alternative veterans property tax exemption to individuals currently engaged in active military service of the United States, in addition to veterans.

Requires the governing body of the county, city, town, village, or school district where the property is located to adopt a resolution after public hearings in order to provide the exemption to active military service members.

Mandates that the public hearing and resolution process for active military service members be conducted separately from other exemption procedures under the real property tax law.

Takes effect on January 1st of the year following enactment and applies to assessment rolls prepared on or after that effective date.