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Sponsors
Senator · Senate District 62
2 Co-sponsors
History
- Committed to rules
- Amended on third reading 3048b
- Advanced to third reading
- 2nd report cal.
- 1st report cal.359
- Referred to veterans, homeland security and military affairs
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.269
- Print number 3048a
- Amend and recommit to veterans, homeland security and military affairs
Show 1 earlier action
- Referred to veterans, homeland security and military affairs
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Authorizes assessor of taxing municipality to accept late application for veterans exemption from real property taxes in certain cases
In Assembly Committee · Veterans' Affairs · Sponsor Raymond Walter
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, in relation to application for certain veterans exemptions from real property taxes
Purpose or general idea of bill
This bill authorizes at local option the assessor of taxing municipality the option to accept late application for veterans' exemption from real property taxes in certain cases.
Summary of specific provisions
Section 1 of the real property tax law is amended by adding a new section 458-c.
Justification
As the law is written today, if a veteran buys a new home after the municipality's taxable status date, that veteran must reapply for the exemption, but it will not take effect until the following year.
Many veterans are also senior citizens who live on fixed incomes. Many veterans also own their own homes so taxes are paid out of pocket instead of an escrow account. The sudden loss of their tax deduction, which may be as high as 26%, can place a substantial financial strain on veterans and their families. Easing the financial burden, not compounding it, was the intent of the legislation granting veterans a property tax deduction.
Veterans were awarded, by the legislature, an exemption on their local property taxes. Our veterans, especially those who were wounded, earned this deduction through their faithful service to the nation. This legislation would allow a municipality the option to accept a late application.
Legislative history
2013-14: S.1348/A.4621;Reported to Veterans,Homeland Security, and Military Affairs 2011-12: A.5010/A.9256; Reported and committed to Finance 2009-10: A.5728 held for consideration in veterans' affairs 2007-08: A.140 held for consideration in veterans' affairs 2005-06: A.6805 held for consideration in veterans' affairs 2003-04: A.4375 2001-02: A.4488 1999-00: A.9811
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.