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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to veterans, homeland security and military affairs
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.759
- Referred to veterans, homeland security and military affairs
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5100
Title of bill
An act to amend the real property tax law, in relation to prohibiting the increase in real property tax liability of veterans receiving an exemption
Purpose
To ensure that Veterans who qualify for certain exemptions from property tax, do not see unreasonable increases in their tax liability in recognition of their service to our nation.
Summary of provisions
Section 458 of the real property tax law is amended to add a new subdivision 5-a, to ensure that the tax liability of a veteran who qualifies for a property tax exemption, shall be frozen at its current level.
Statement in support
This bill would provide a well deserved benefit to Veterans who currently qualify for a property tax exemption. The purpose of this legislation is to essentially freeze a qualified veterans tax liability at its current level. The bill will serve not only as a well deserved benefit to our heroic veterans, but also as a tool to increase recruitment at a time when our military is engaged in several conflicts around the globe.
Legislative history
This is a new bill.
Fiscal impact
None to the State
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.