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Who cares
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Sponsors
1 Co-sponsor
History
- 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.
Relates to a real property tax exemption for property owned by certain persons performing active duty in a combat zone
In Assembly Committee · Veterans' Affairs · Sponsor Michael Cusick
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 a real property tax exemption for property owned by certain persons performing active duty in a combat zone
Purpose
To provide local governments with the opportunity to afford any homeowner who engaged in active service in the armed forces of the United States during the year to receive a partial exemption from the municipal real property taxes for that year
Summary of provisions
Section one of the bill adds a new section 458-c to the Real Property Tax Law to provide local governments with the option to provide a partial exemption against the municipal real property taxes assessed on the primary residence of a person who was in active service in the armed forces of the United States during the year.
Section two provides that this act shall take effect immediately and shall apply to real property having a taxable status date on or after such effective date.
Existing law
New bill
Justification
This bill assists in reducing the financial burden experienced by the active military personnel in a combat zone. Many servicemen and women have taken pay cuts from their civilian jobs to serve their country in a time of need. These servicemen and women deserve support from their government and fellow citizens including ameliorating financial hardship for their families back home. Increased property taxes across this State have imposed greater financial stress on these men and women engaged in active combat duty. A 10% tax exemption on their primary residence is warranted and helps mitigate the increasing tax burdens of home ownership.
Legislative history
2014: S.2181/A.566 - Veterans, Homeland Security & Military Affairs/Veterans' Affairs 2013: S.2181/A.566 - Veterans, Homeland Security & Military Affairs/Veterans' Affairs 2012: S.1750/A.5455 - Veterans, Homeland Security & Military Affairs/Veterans' Affairs 2011: S.1750/A.5455 - Veterans, Homeland Security & Military Affairs/Veterans' Affairs 2010: S.2742 - Veterans, Homeland Security & Military Affairs 2009: S.2742 - Veterans, Homeland Security & Military Affairs 2008: S.1311/A.438 - Passed Senate/Veterans' Affairs 2007: S.1311/A.438 - 3rd Reading Calendar/Veterans' Affairs 2006: S.5973/A.9054 - Veterans, Homeland Security & Military Affairs/Veterans' Affairs 2005: S.5973/A.9054 - Rules/Real Property Taxation
Fiscal implications
None to the State
Local fiscal implications
This bill provides local governments with the option to a real property tax exemption for qualified homeowners.
Effective date
This act shall take effect immediately and shall apply to real property having a taxable status date on or after such effective date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.