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NY S02570
Bill
Status
Engrossed
5/14/2019
Primary Sponsor
Jamaal Bailey
Click for details
AI Summary
- Adds a 7.5% additional property tax exemption (up to $6,000 or the product of $6,000 multiplied by the state equalization rate, whichever is less) for qualifying residential real property when two or more veterans live in the same household
- Adds a 5% additional property tax exemption (up to $4,000 or the product of $4,000 multiplied by the state equalization rate, whichever is less) for combat veterans when two or more combat-decorated veterans live in the same household, in addition to existing combat veteran exemptions
- Maintains existing 15% base exemption (up to $12,000) for individual qualifying veterans and 10% exemption (up to $8,000) for veterans with combat service medals or ribbons
- Applies to veterans with documented combat service indicated by U.S. campaign ribbons, service medals, armed forces expeditionary medals, or global war on terrorism expeditionary medals
- Effective January 1st following enactment
Legislative Description
Provides additional tax exemptions on qualifying residential real property where two or more qualified veterans live in the same household.
Last Action
referred to veterans' affairs
2/26/2020
Committee Referrals
Veterans' Affairs2/26/2020
Veterans, Homeland Security and Military Affairs1/8/2020
Veterans' Affairs5/14/2019
Rules3/26/2019
Veterans, Homeland Security and Military Affairs1/28/2019
Full Bill Text
No bill text available