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History
- Print number 3836a
- Amend and recommit to veterans, homeland security and military affairs
- Referred to veterans, homeland security and military affairs
- 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.
Increases the amount combat veterans shall be exempt from real property taxation to thirty-five percent
In Assembly Committee · Veterans' Affairs · Sponsor Matthew Titone
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 real property tax exemptions for combat veterans
Purpose
Increases the amount combat veterans shall be exempt from real property taxation from 10% to 35%.
Summary of provisions
Section one amends paragraph (b) of subdivision 2 of section 458-a of the real property tax law.
Section two is the effective date.
Justification
Veterans who served in a combat zone protecting the United States of America should see an increase in their property tax exemption. Military personnel serving in combat zones are fighting to protect our nations freedoms by putting their lives on the line every day. To show New York's appreciation, this legislation would exempt up to 351 (currently 101) of the assessed value on their real property for combat zone soldiers. This measure would greatly benefit these brave individuals who have served foreign land combat zones for extended periods of time away from their families. New York State residents who are in the military and serve our country bravely, sacrifice their lives so we may enjoy peace and prosperity as a nation and a state. They deserve our respect and this bill shows our gratitude for their sacrifice as they protect our country and our freedoms.
Legislative history
2014: S.2473- Referred to Veterans /A.3878 - Referred to Veterans 2013: S.5290 - Reported to Finance/A.3878 referred to Veterans 2012: S.5290 - Referred to Finance/A.5277- Referred to Veterans 2011: S.5290 - Referred to Finance/A.5277- Referred to Veterans 2010: S.3005 - Referred to Veterans/A.8367- Referred to Veterans 2009: S.3005 - Referred to Veterans/A.8367- Referred to Veterans 2008: S.8769 - Referred to Veterans
Fiscal implications
The Department of Taxation and Finance estimate that this bill would result in a shifting of property taxes, from properties receiving the increased exemption to other properties, of approximately $290 million per year.
Effective date
This act shall take effect immediately and shall apply to assessment rolls prepared on and after January 1, 2017.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.