Bill Text: NY A02759 | 2017-2018 | General Assembly | Introduced

---

Bill Title: Concerns primary residences owned by limited liability companies that are occupied by veterans.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2018-05-16 - held for consideration in veterans' affairs [A02759 Detail]

Download: New_York-2017-A02759-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________
                                          2759
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 23, 2017
                                       ___________
        Introduced  by M. of A. BUTLER -- Multi-Sponsored by -- M. of A. OAKS --
          read once and referred to the Committee on Veterans' Affairs
        AN ACT to amend the real property tax law, in relation to veteran  occu-
          pied primary residences owned by a limited liability company
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 458 of the real property  tax  law  is  amended  by
     2  adding a new subdivision 11 to read as follows:
     3    11.  Notwithstanding  any  other provision of law to the contrary, the
     4  provisions of this section shall apply to any real property owned  by  a
     5  limited  liability company, as defined by subdivision (m) of section one
     6  hundred two of the  limited  liability  company  law,  if  such  limited
     7  liability  company  is  owned  by  such  person  or  persons to whom the
     8  exemption would be granted had such person or  persons  owned  the  real
     9  property in question rather than the limited liability company.
    10    § 2. Paragraph (c) of subdivision 1 of section 458-a of the real prop-
    11  erty  tax law, as amended by chapter 100 of the laws of 1988, is amended
    12  to read as follows:
    13    (c) "Qualified owner" means a veteran, the spouse of a  veteran  [or],
    14  the  unremarried  surviving  spouse of a veteran, or a limited liability
    15  company, as defined by subdivision (m) of section one hundred two of the
    16  limited liability company law, if  such  limited  liability  company  is
    17  owned  by  such person or persons to whom the exemption would be granted
    18  had such person or persons owned the real property  in  question  rather
    19  than the limited liability company. Where property is owned by more than
    20  one  qualified  owner,  the  exemption  to which each is entitled may be
    21  combined. Where a veteran is also the unremarried surviving spouse of  a
    22  veteran,  such  person  may  also  receive  any  exemption  to which the
    23  deceased spouse was entitled.
    24    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01369-01-7