NY S09717

Authorizes counties, cities, towns, villages, and school districts to pass local laws or resolutions exempting primary residences of widows and widowers of police officers killed in the line of duty from up to 50% of assessed property taxes.

Allows local legislative bodies and school districts to reduce the exemption percentage below 50% within their local laws or resolutions.

Applies exemption to property held in trust solely for the benefit of eligible widows or widowers, and includes provisions for tenant-stockholders in cooperative apartment corporations.

Excludes tenant-stockholders residing in properties subject to articles 2, 4, 5, or 11 of the private housing finance law from eligibility.

Requires the Commissioner of Taxation and Finance to develop, in consultation with the Division of Criminal Justice Services, a listing of acceptable documents to establish eligibility and make this information available to assessors and online.

Takes effect January 1 following enactment and applies to taxable status dates occurring on or after that date.