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NY A09867
Bill
Status
4/19/2022
Primary Sponsor
Jarett Gandolfo
Click for details
AI Summary
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Municipalities in New York may adopt local laws to provide qualifying residential real property a tax credit of up to $400 for residents who have served in U.S. military reserves or New York organized militia.
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Eligible recipients include reservists, spouses of reservists, and non-remarried surviving spouses of reservists who have completed at least ten years of service and received an honorable or general discharge.
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Multiple qualified owners of the same property may combine their credits, and non-remarried surviving spouses may receive both their own credit and the credit their deceased spouse was entitled to.
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Property owners already receiving exemptions under existing veteran tax law sections 458, 458-a, or 458-b are ineligible for this credit.
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The Department of Taxation and Finance must develop a uniform application form for local assessors and publish supporting materials on its public website.
Legislative Description
Provides real property tax relief to veterans who have at least ten years of service in the U.S. armed forces or in the organized militia of the state of New York.
Last Action
referred to real property taxation
4/19/2022