What's happening
This bill allows all veterans in New York to qualify for an enhanced property tax exemption, regardless of their income.
Why it matters
Expands financial relief for veterans. By removing income restrictions, this bill ensures that all veterans—regardless of their earnings—can access the enhanced property tax exemption, potentially resulting in broader financial support for veterans of all backgrounds.
Addresses equity among veterans. The change eliminates a barrier that previously excluded higher-income veterans from tax benefits, promoting a more inclusive approach to recognizing military service.
May impact local tax revenues and budgets. With more veterans becoming eligible for the enhanced exemption, local governments and school districts could see a reduction in property tax revenue, which may influence budgeting or lead to shifts in how services are funded.
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Who cares
Headline styles
Expand Veterans Property Tax Exemption
Plain English, a few words. Used as the page title.
Sponsors
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
3091
2019-2020 Regular Sessions
IN SENATE
February 1, 2019
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 (v) to read as follows:
(v) 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.
LBD01742-01-9
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 sacri- fices that combat veterans made while serving in our military during times of war.
Prior legislative history
2017-18 - s.5156 - VETERANS 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.