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NY S01788

Bill

Status

Engrossed

5/19/2025

Primary Sponsor

Michelle Hinchey

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Expands the existing veterans' real property tax exemption to include veterans who served on submarines or classified missions during a period of war, as documented by military service records

  • Currently, the additional combat-related exemption (10% of assessed value, up to $8,000) requires documentation through campaign ribbons, service medals, or expeditionary medals

  • Veterans qualifying under the new criteria would receive the same exemption: up to 10% of assessed property value, capped at $8,000 or $8,000 multiplied by the state equalization rate, whichever is less

  • Recognizes that submarine service and classified missions may not result in traditional combat medals despite occurring during wartime conditions

Legislative Description

Extends eligibility for real property tax exemptions to veterans who served on a submarine or on classified missions during a period of war as documented by military service records.

Last Action

referred to veterans' affairs

2/9/2026

Committee Referrals

Veterans' Affairs2/9/2026
Veterans, Homeland Security and Military Affairs1/7/2026
Veterans' Affairs5/19/2025
Veterans, Homeland Security and Military Affairs1/13/2025

Full Bill Text

No bill text available