NY A06055

Amends the definition of "veteran" in the Real Property Tax Law to include career members of the armed forces who meet specific conditions related to service length and reenlistment.

Establishes that individuals who served in active military, naval, or air service for at least ten years and continuously reenlisted without receiving a discharge are considered to have been honorably discharged for tax exemption purposes.

Requires that individuals meet four conditions: completing their initial service obligation, having continuous service through intervening reenlistments, eligibility for honorable discharge except for the reenlistment, and serving at least ten years total.

Applies this new definition to the veterans alternative tax exemption, allowing career service members who lack formal discharge documents to qualify for property tax relief.