NY S05967

Amends the Real Property Tax Law to expand the definition of "veteran" for purposes of the veterans alternative tax exemption to include career members of the armed forces who have not received a formal discharge.

Establishes that individuals who served in active military, naval, or air service for at least 10 years and meet four specific conditions shall be considered honorably discharged even without formal discharge documentation.

Requires that career service members must have served for their full initial period of obligation, had no intervening enlistment or reenlistment preventing discharge, and would have been eligible for non-dishonorable discharge at the end of their obligation period.

Takes effect immediately, or on the same date as the related 2022 law amendment if that provision has not yet taken effect.