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NY S01788
Bill
Status
5/19/2025
Primary Sponsor
Michelle Hinchey
Click for details
AI Summary
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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
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Currently, the additional combat-related exemption (10% of assessed value, up to $8,000) requires documentation through campaign ribbons, service medals, or expeditionary medals
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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
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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