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NY A03987
Bill
Status
Introduced
1/29/2021
Primary Sponsor
Amy Paulin
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AI Summary
- Allows counties, cities, towns, and villages to adopt local laws providing real property tax exemptions to active duty members of the U.S. Army, Navy, Marine Corps, Air Force, or Coast Guard serving during wartime.
- Extends exemption eligibility to spouses of active duty military members, with exemptions applied only to their primary residence.
- Requires annual verification of active duty status through a statement of service from the military unit or other adequate proof of active duty military service.
- Takes effect immediately and applies to assessment rolls prepared on the basis of taxable status dates occurring on or after January 1st following the date the act becomes law.
Legislative Description
Provides alternative real property tax exemptions for active duty members of the armed forces.
Last Action
referred to real property taxation
1/5/2022
Committee Referrals
Real Property Taxation1/29/2021
Full Bill Text
No bill text available