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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A9688
- Ordered to third reading cal.1507
- Reported and committed to rules
- 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 limitations on real property tax exemptions for veterans in the city of New York
Signed by Governor · 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 limitations on real property tax exemptions for veterans in the city of New York
Purpose or general idea of bill
This bill would authorize the governing body of a school district or in the case of a city with a population of one million or more, the local legislative body, after public hearings and adoption of a resolution, to grant eligible veterans an exemption from their school taxes.
Summary of specific provisions
Amends subdivision 2 of section 458-a af the real property tax law.
Justification
Currently, New York State property tax laws provide partial property tax exemptions to qualified veterans of the United States Military. Unfortunately, this exemption is not applicable to school taxes. As a result, veterans receiving this benefit must pay back the school tax portion which can be as much as four hundred dollars for an average single family homeowner. Given the incredible sacrifices made by our military personnel, it is only fitting that we extend the veteran's property tax credits to school 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.