NY S00683

Authorizes counties, cities, towns, villages, and school districts to grant a property tax exemption of up to 50% of assessed value to surviving spouses of police officers killed in the line of duty on their primary residence

Requires local legislative bodies to pass a local law or school districts to pass a resolution to implement the exemption, with the option to set a lower exemption percentage

Extends eligibility to property held in trust for qualifying individuals and to tenant-stockholders in cooperative apartment corporations, with certain exceptions for dwellings under private housing finance law

Requires the tax commissioner and the Division of Criminal Justice Services to develop a list of documents for establishing eligibility, to be made available to assessors and posted online

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