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NY A06327
Bill
Status
4/5/2023
Primary Sponsor
Fred Thiele
Click for details
AI Summary
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Establishes a real property tax exemption for eligible reservists (members of armed forces reserve components ordered to active duty by the President) and their spouses, effective for assessment rolls prepared on or after January 1, 2025.
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Requires municipalities to adopt a local law, ordinance, or resolution by their governing body after a public hearing to offer the exemption within their jurisdiction.
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Exempts the primary residence used exclusively for residential purposes from city, village, town, county, and special district taxes (excluding special assessments); any non-residential portion of the property remains taxable.
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Limits eligibility to reservists who retained active duty status for at least 90 consecutive days within the immediately preceding calendar year in which they request the exemption.
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Requires applications to be filed with the assessor or designated municipal agency on or before the taxable status date using a form prescribed by the commissioner; protects existing benefits for eligible reservists already receiving tax relief as of the effective date.
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
1/3/2024