Loading chat...
NY A09134
Bill
Status
1/31/2022
Primary Sponsor
Fred Thiele
Click for details
AI Summary
-
Establishes a property tax exemption for "eligible reservists" (members of armed forces reserve components ordered to active duty by the President) and their spouses on real property used as a primary residence.
-
Exempts qualifying property from city, village, town, county, and special district taxes (excluding special assessments), but only if the local governing body adopts a local law, ordinance, or resolution authorizing the exemption after a public hearing.
-
Limits the exemption to properties that are the applicant's primary residence and used exclusively for residential purposes; any non-residential portion remains subject to taxation.
-
Requires eligible reservists to have maintained active duty status for at least 90 consecutive days within the immediately preceding calendar year to claim the exemption.
-
Takes effect immediately and applies to assessment rolls prepared on or after January 1, 2023; protects existing benefits for reservists already receiving exemptions under other provisions.
Legislative Description
Authorizes a real property tax exemption for certain eligible reservists upon adoption of a local law, ordinance or resolution providing therefor; requires property of such eligible reservists to be his or her primary residence; requires such reservist must have retained his or her active duty status for at least 90 consecutive days to claim such tax exemption.
Last Action
referred to real property taxation
1/31/2022