NY A09217

Reduces veteran property tax exemptions in cities with a population of one million or more, with exemptions equal to 40% of eligible funds but capped at $2,000 (compared to $7,500 statewide cap).

Lowers the exemption cap for veteran-purchased property from popular subscription gifts from $5,000 to $2,000 in cities with populations of one million or more.

Expands the definition of "period of war" to include Iraq War (beginning March 2003) and Afghanistan War (beginning October 7, 2001) for exemption purposes in cities with populations of one million or more.

Reduces residential property tax exemptions for veterans in cities with populations of one million or more to 6% of assessed value (capped at $4,800) for basic exemptions and 4% (capped at $3,200) for combat service exemptions, compared to higher percentages statewide.

Lowers the disability rating exemption for service-connected disabilities in cities with populations of one million or more to 20% of the veteran's disability rating (capped at $16,000) instead of 50% disability rating statewide.