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NY A04642
Bill
Status
2/4/2019
Primary Sponsor
Tremaine Wright
Click for details
AI Summary
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Amends the senior citizen real property tax exemption under Real Property Tax Law Section 467 to exclude veteran disability compensation from income calculations used to determine exemption eligibility.
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Defines veteran disability compensation as compensation under Title 38 of the United States Code, allowing municipalities to adopt local laws excluding these payments from income.
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Exemption applies only if the governing board of a municipality, after a public hearing, adopts a local law, ordinance, or resolution providing for the exclusion.
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Takes effect immediately and applies to assessment rolls with a taxable status date on or after January 1 of the year following enactment.
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
1/8/2020