What's happening
This bill allows all veterans to qualify for an enhanced property tax exemption regardless of income in New York.
Why it matters
Expanding eligibility for the enhanced property tax exemption to all veterans, regardless of income, recognizes the service and sacrifices of veterans without imposing financial means testing. This could make the benefit more accessible and reduce administrative hurdles for veterans who may not have previously qualified due to income limits.
The change may result in increased financial relief for a broader range of veterans, including middle- and higher-income individuals who may still face significant challenges related to their service. This reflects a shift from need-based to service-based recognition.
Removing the income restriction could increase the number of properties receiving the exemption, potentially affecting local tax revenues and shifting the tax burden to non-veteran property owners. Municipalities and taxpayers may notice the fiscal impact if many additional veterans qualify for the enhanced exemption.
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Who cares
Headline styles
Expand Veteran Tax Exemption
Plain English, a few words. Used as the page title.
Sponsors
Senator · Senate District 61
No co-sponsors yet.
History
- Referred to veterans, homeland security and military affairs
- Referred to veterans, homeland security and military affairs
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
5156
2017-2018 Regular Sessions
IN SENATE
March 9, 2017
Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Security and Military Affairs
AN ACT to amend the real property tax law, in relation to providing an enhanced exemption for veterans regardless of income
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph (b) of subdivision 4 of section 425 of the real property tax law is amended by adding a new subparagraph (vii) to read as follows:
(vii) Notwithstanding any other provision of this paragraph, any veteran, as defined in paragraph (e) of subdivision one of section four hundred fifty-eight-a of this title, shall qualify for the enhanced exemption provided by this section.
§ 2. This act shall take effect on the first of January next succeeding the date on which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10476-01-7
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 providing an enhanced exemption for veterans regardless of income
Summary of provisions
Section 1: Paragraph (b) of subdivision 4 of section 425 of the Real Property Tax Law is amended by adding a new subparagraph (vii) by section 2 of part A of Chapter 56 of the Laws of 1998, providing that combat veterans shall qualify for the enhanced STAR exemption without consideration of income.
Purpose and justification
With this bill, all senior combat veterans would be eligible for the enhanced STAR exemption on their homes. Combat veterans are currently entitled to receive a veteran's exemption for town and county taxes, but not for school taxes. This bill offers further recognition of the sacrifices that combat veterans made while serving in our military during times of war.
Prior legislative history
2015-16 - S .3972/A.5988 - VETERANS/Veterans 2013-14 - S.1696/A.2195 VETERANS/Veterans 2010 - S.5848 - VETERANS 2011-2012 - A.3227/A.10111 FINANCE/Veterans' Affairs
Fiscal implications
To be determined.
Effective date
This act shall take effect on the first of January next succeeding the date date upon which it becomes law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.