What's happening
This bill allows municipalities to grant property tax exemptions to Cold War veterans who served under the 1955 Federal Reserve Forces Act.
Why it matters
Expands eligibility for local property tax exemptions. to include veterans who served under the Federal Reserve Forces Act of 1955 during the Cold War, potentially benefiting a group previously excluded from these tax benefits.
Empowers local governments. (counties, cities, towns, villages) to decide whether to adopt this expanded definition, allowing communities flexibility based on local veteran populations and fiscal considerations.
May incentivize veterans to remain in or move to municipalities. that adopt the exemption, possibly affecting local demographics and housing markets while also acknowledging the service of under-recognized veteran groups.
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Who cares
Headline styles
Tax Breaks for Cold War Vets
Plain English, a few words. Used as the page title.
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.
Tax Breaks for Cold War Vets
In Assembly Committee · Real Property Taxation · Sponsor Steven Englebright
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
S. 3230 A. 2624
2017-2018 Regular Sessions
SENATE - ASSEMBLY
January 20, 2017
IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Security and Military Affairs
IN ASSEMBLY -- Introduced by M. of A. ENGLEBRIGHT, COLTON, ROSENTHAL, RAIA, KEARNS, SANTABARBARA, STEC, MOSLEY, GUNTHER, ZEBROWSKI, SIMANOW- ITZ, COOK, DiPIETRO, GRAF, FINCH, SEPULVEDA, HOOPER, M. G. MILLER, GALEF -- Multi-Sponsored by -- M. of A. ABBATE, LALOR, McKEVITT, PALMESANO, RA, RIVERA, THIELE -- read once and referred to the Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to granting municipalities the authority to provide real property tax exemptions for certain cold war veterans
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 458-b of the real property tax law is amended by adding a new subdivision 9 to read as follows:
9. A county, city, town, or village may adopt a local law to include a male or female veteran who served under the federal Reserve Forces Act of 1955, Public Law 305, 84th Congress (69 Stat. 598) during the Cold War period within the definition of "cold war veteran" as provided in paragraph (a) of subdivision one of this section provided that such veterans meet all other qualifications under the provisions of this section.
§ 2. This act shall take effect immediately and shall apply to assessment rolls on the basis of taxable status dates occurring on or after the second day of January next succeeding the date on which this act shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03576-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the real property tax law, in relation to granting municipalities the authority to provide real property tax exemptions for certain cold war veterans
Purpose or general idea of bill
To allow municipalities to include military members who served under the Federal Reserve Forces Act of 1955 in the definition of "Cold War Veteran" for the purposes of real property tax exemptions.
Summary of provisions
This bill would add a new subdivision to section 458-b of the real property tax law to give counties, cities, towns and villages the authority to adopt a local law granting those former military members that served under the Federal Reserve Forces Act of 1955 access to real property tax exemptions that the locality has in place for veterans.
Justification
As it stands now, the brave men and women who answered the call to serve their country as reservists under the Federal Reserve Forces Act of 1955 do not fall under the definition of Cold War Veteran and are thus denied various real property tax exemptions. This legislation is necessary to give municipalities the power to rectify this inequality.
Prior legislative history
2013-14 A7401 referred to real property taxation; S5279 committed to rules 2015-16 A4506 referred to real property taxation; S3218 committed to rules
Fiscal implications for state and local governments
None to the State.
Effective date
This act shall take effect immediately and apply to assessment rolls on the basis of taxable status dates occurring on or after the second day of January next succeeding the date on which this act shall become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.