NY A05858

Adds a new category (vi) to the definition of "Veteran" in Real Property Tax Law Section 458-a to include individuals who served in active military, naval, or air service for more than 185 days and received a 60% or greater disability compensation rating from the U.S. Veterans Administration or Department of Defense.

Extends real property tax exemption eligibility to service-connected disabled veterans regardless of whether their service occurred during an officially designated period of war.

Maintains existing veteran exemption categories while adding disabled veterans with service-connected disabilities rated at 60% or higher as a new qualifying group.

Effective immediately, with exemptions first applying to assessment rolls prepared on or after August 30, 2008.