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Sponsors
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History
- 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 allowing municipalities to accept retroactive applications for real property tax exemptions from certain veterans
In Assembly Committee · Real Property Taxation · Sponsor Edward Braunstein
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 allowing municipalities to accept retroactive applications for real property tax exemptions from certain veterans
Purpose or general idea of bill
To allow veterans and their spouses, who would have been eligible for the veterans property tax exemption, to receive the exemption retroactively for up to three years from when they first began receiving the exemption.
Summary of specific provisions
Sections 1 through 3 amend the real property tax law to allow the assessor for each county, city, town, or village in New York to accept retroactive applications for the veterans' exemption, as long as the veteran would have been entitled to the exemption if he or she had filed the application by the appropriate date. Additionally, the retroactivity of the exemption will extend no more than three years preceding the date of the application. This would apply to all three types of the veterans' property tax exemption - the alternative, Cold War, and partial exemptions.
Section 4 extends the language that is affecting the real property tax law to the New York City Administrative Code.
Section 5 provides the effective date.
Justification
Many of our State's veterans own homes or are shareholders in a co-op, and are eligible for the veterans' property tax exemption in New York. However, some may not be aware that they are eligible for this exemption, or have moved and, as a result, lost the exemption. This legislation would help to ensure that our veterans and their families who have sacrificed so much for our country are able to afford to stay in their homes without bearing the burden of higher property taxes.
Prior legislative history
New bill.
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.