NY S09755

Allows counties, cities, towns, villages, and school districts to provide a 50% property tax exemption for the primary residence of a widow or widower of a police officer killed in the line of duty, with the option to reduce the exemption percentage.

Defines "police officer" according to section 1.20 of the criminal procedure law and applies the exemption to property held in trust solely for the benefit of eligible persons.

Extends exemption eligibility to tenant-stockholders of cooperative apartment corporations, with the exemption credited against their proportional assessment, except for those in buildings subject to private housing finance law articles 2, 4, 5, or 11.

Requires the real property tax services commissioner to develop, in consultation with the division of criminal justice services, a list of documents to establish eligibility and make this information available to assessors and online.

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