Bill Text: NY A03878 | 2013-2014 | General Assembly | Amended

New York Assembly Bill 3878 (Prior Session Legislation)

Bill Title: Increases the amount combat veterans shall be exempt from real property taxation to thirty-five percent.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced - Dead) 2014-02-25 - print number 3878a [A03878 Detail]

Download: New_York-2013-A03878-Amended.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        3878--A
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 29, 2013
                                      ___________
       Introduced by M. of A. TITONE -- read once and referred to the Committee
         on  Veterans'  Affairs  --  recommitted  to the Committee on Veterans'
         Affairs in accordance with  Assembly  Rule  3,  sec.  2  --  committee
         discharged, bill amended, ordered reprinted as amended and recommitted
         to said committee
       AN  ACT to amend the real property tax law, in relation to real property
         tax exemptions for combat veterans
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (b) of subdivision 2 of section 458-a of the real
    2  property  tax  law,  as  amended  by chapter 473 of the laws of 2004, is
    3  amended to read as follows:
    4    (b) In addition to the exemption provided by  paragraph  (a)  of  this
    5  subdivision, where the veteran served in a combat theatre or combat zone
    6  of  operations,  as  documented by the award of a United States campaign
    7  ribbon or service medal, or the armed forces expeditionary  medal,  navy
    8  expeditionary  medal, marine corps expeditionary medal, or global war on
    9  terrorism expeditionary medal, qualifying residential real property also
   10  shall be exempt from taxation to the extent of [ten] THIRTY-FIVE percent
   11  of the assessed value of such property;  provided,  however,  that  such
   12  exemption shall not exceed [eight] FORTY thousand dollars or the product
   13  of  [eight] FORTY thousand dollars multiplied by the latest state equal-
   14  ization rate for the assessing unit, or in the case of a special assess-
   15  ing unit, the class ratio, whichever is less.
   16    S 2. This act shall take effect immediately and shall apply to assess-
   17  ment rolls prepared on or after January 1, 2015.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03930-03-4