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NY A05619
Bill
Status
Introduced
2/18/2025
Primary Sponsor
Steve Stern
Click for details
AI Summary
- Increases the property tax exemption for surviving spouses of volunteer firefighters or ambulance workers killed in the line of duty from 10% to up to 50% of assessed value
- Reduces the minimum service requirement for the killed-in-line-of-duty exemption from five years to between two and five years, as determined by each municipality
- Changes eligibility terminology from "un-remarried spouse" to "surviving spouse" throughout the law
- Extends exemption eligibility to properties held in trust for surviving spouses and to tenant-stockholders in cooperative apartment corporations
- Requires local governments to adopt a local law, ordinance, or resolution after a public hearing to implement the 50% surviving spouse exemption
Legislative Description
Amends the real property tax exemption for surviving spouses of volunteer firefighters or volunteer ambulance workers killed in the line of duty to permit continuation of such exemption for volunteer members with service between two and five years.
Last Action
substituted by s688a
6/11/2025
Committee Referrals
Rules6/10/2025
Ways and Means3/18/2025
Real Property Taxation2/18/2025
Full Bill Text
No bill text available