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NY A04694
Bill
Status
2/4/2021
Primary Sponsor
Nader Sayegh
Click for details
AI Summary
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Adds an additional 7.5% property tax exemption (capped at $6,000 or the product of $6,000 multiplied by the state equalization rate, whichever is less) when two or more qualifying veterans live in the same household
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Adds an additional 5% property tax exemption (capped at $4,000 or the product of $4,000 multiplied by the state equalization rate, whichever is less) when two or more combat veterans live in the same household, in addition to existing combat veteran exemptions
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These additional exemptions apply to qualifying residential real property and stack on top of existing veteran tax exemption provisions
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Takes effect on January 1st following the date the bill becomes law
Legislative Description
Provides additional tax exemptions on qualifying residential real property where two or more qualified veterans live in the same household.
Last Action
held for consideration in real property taxation
5/10/2022