NY A03864

Extends New York's existing veterans property tax exemption to active duty service members of the United States armed forces, adding them as "qualified owners" eligible for the exemption

Active duty members who served in a combat theatre or combat zone, documented by campaign ribbons or service medals, qualify for an additional 10% exemption up to $8,000 of assessed value

Allows active duty service members to transfer and prorate their property tax exemption when selling property and purchasing new property within the same county

Defines "active duty service member" as an individual performing active military service as set forth in subdivision eight of section one of the military law

Requires the commissioner to consult with the U.S. Department of Defense to develop a listing of documents, including military service records, to establish eligibility for the exemption