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NY A02369
Bill
Status
1/16/2025
Primary Sponsor
Jarett Gandolfo
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AI Summary
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Authorizes counties, cities, towns, and villages to adopt local laws providing a property tax credit of up to $400 for military reservists with at least 10 years of service in U.S. armed forces reserves or New York organized militia
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Defines eligible reservists as those who are members in good standing or received honorable or general discharge after minimum 10 years of service in Army, Navy, Air Force, Marine Corps, Coast Guard, or reserve components
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Extends eligibility to spouses and non-remarried surviving spouses of reservists, allowing surviving spouses who are also reservists to combine both credits
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Prohibits property owners already receiving veteran exemptions under sections 458, 458-a, or 458-b from claiming this additional credit
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Requires the Commissioner of Taxation and Finance to develop a uniform application and publish supporting materials on the department's public website
Legislative Description
Provides real property tax relief to veterans who have at least ten years of service in the U.S. armed forces or in the organized militia of the state of New York.
Last Action
referred to real property taxation
1/7/2026