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Who cares
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Sponsors
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History
- Referred to veterans, homeland security and military affairs
- Referred to veterans, homeland security and military affairs
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the real property tax law and the administrative code of the city of New York, in relation to providing an alternative exemption to active members of the armed forces
Purpose
The purpose of this bill is to extend veterans benefits detailed in the Real Property Tax Law to active members of the armed forces.
Summary of provisions
Section RP 458-a sections 1,2,3, and 4 shall extend the benefits that veterans receive under real property tax laws to active members of the armed forces as well. A "qualified owner" shall be a veteran, the spouse of a veteran, the unremarried surviving spouse of a veteran, an active member of the armed forces, or the spouse of an active member of the armed forces. An active member of the armed forces shall be pursuant to title 10 of the United State Code.
Existing law
Currently, only veterans are granted exemptions under the Real Property Tax law. They must be discharged from active military service and also must provide a DD-214 form to the Assessor along with the application in order to qualify for Veteran's exemption.
Justification
This legislation would allow Real Property Tax exemptions to be extended to active members of the armed forces. Currently, a qualified residential parcel receives an exemption equal to fifteen percent of its assessed value. In many cases, individuals are in the National Guard and are called up for duty. A vast majority have homes and families that need to be supported while they are away serving their country. Just as we honor our veterans for their service through Real Property Tax exemptions we should honor and aid our current active duty members.
Legislative history
None.
Fiscal implications
To be determined.
Effective date
January 1, 2009
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.