STATE OF NEW YORK ________________________________________________________________________ 6510--A 2017-2018 Regular Sessions IN ASSEMBLY March 7, 2017 ___________ Introduced by M. of A. D'URSO, DenDEKKER, BENEDETTO, PHEFFER AMATO, KEARNS, TITONE, LAVINE, HOOPER, GUNTHER, SANTABARBARA, ABBATE, ORTIZ, SIMANOWITZ, COLTON, BLAKE, BRABENEC, BLANKENBUSH, B. MILLER, GOTT- FRIED, THIELE, STECK, RAIA, MORINELLO, LOPEZ, MOSLEY, JENNE, CURRAN, M. G. MILLER -- Multi-Sponsored by -- M. of A. CRESPO, ENGLEBRIGHT, GIGLIO, GRAF, SIMON -- read once and referred to the Committee on Veterans' Affairs -- reported and referred to the Committee on Ways and Means -- 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 exemptions available to veterans The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (iii) of paragraph (c) of subdivision 2 of 2 section 458-b of the real property tax law, as separately amended by 3 chapters 22 and 253 of the laws of 2016, is amended to read as follows: 4 (iii) The exemption provided by paragraph (a) of this subdivision 5 shall be granted for a period of ten years. The commencement of such ten 6 year period shall be governed pursuant to this subparagraph. Where a 7 qualified owner owns qualifying residential real property on the effec- 8 tive date of the local law or resolution providing for such exemption, 9 such ten year period shall be measured from the assessment roll prepared 10 pursuant to the first taxable status date occurring on or after the 11 effective date of the local law or resolution providing for such 12 exemption. Where a qualified owner does not own qualifying residential 13 real property on the effective date of the local law or resolution 14 providing for such exemption, such ten year period shall be measured 15 from the assessment roll prepared pursuant to the first taxable status 16 date occurring at least sixty days after the date of purchase of quali- 17 fying residential real property; provided, however, that should the 18 veteran apply for and be granted an exemption on the assessment roll EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10398-03-7A. 6510--A 2 1 prepared pursuant to a taxable status date occurring within sixty days 2 after the date of purchase of residential real property, such ten year 3 period shall be measured from the first assessment roll in which the 4 exemption occurs. If, before the expiration of such ten year period, 5 such exempt property is sold and replaced with other residential real 6 property, such exemption may be granted pursuant to this subdivision for 7 the unexpired portion of the ten year exemption period, provided howev- 8 er, that notwithstanding the ten year limitation imposed by the forego- 9 ing provisions of this subparagraph, a county, city, town, village or 10 school district that has adopted a local law or resolution pursuant to 11 paragraph (a) of this subdivision may adopt a local law or resolution 12 providing that the exemption authorized by this section shall apply to 13 qualifying owners of qualifying real property for as long as they remain 14 qualifying owners, without regard to such ten year limitation. Each 15 county, city, town or village may adopt a local law, and each school 16 district may adopt a resolution, to reduce the maximum exemption allow- 17 able in paragraphs (a) and (b) of this subdivision to six thousand 18 dollars, nine thousand dollars and thirty thousand dollars, respective- 19 ly, or four thousand dollars, six thousand dollars and twenty thousand 20 dollars, respectively. Each county, city, town, or village is also 21 authorized to adopt a local law, and each school district may adopt a 22 resolution, to increase the maximum exemption allowable in paragraphs 23 (a) and (b) of this subdivision to ten thousand dollars, fifteen thou- 24 sand dollars and fifty thousand dollars, respectively; twelve thousand 25 dollars, eighteen thousand dollars and sixty thousand dollars, respec- 26 tively; fourteen thousand dollars, twenty-one thousand dollars and 27 seventy thousand dollars, respectively; sixteen thousand dollars, twen- 28 ty-four thousand dollars and eighty thousand dollars, respectively; 29 eighteen thousand dollars, twenty-seven thousand dollars and ninety 30 thousand dollars, respectively; twenty thousand dollars, thirty thousand 31 dollars and one hundred thousand dollars, respectively; twenty-two thou- 32 sand dollars, thirty-three thousand dollars and one hundred ten thousand 33 dollars, respectively; twenty-four thousand dollars, thirty-six thousand 34 dollars and one hundred twenty thousand dollars, respectively; twenty- 35 six thousand dollars, thirty-nine thousand dollars, and one hundred 36 thirty thousand dollars, respectively; twenty-eight thousand dollars, 37 forty-two thousand dollars, and one hundred forty thousand dollars, 38 respectively; and thirty thousand dollars, forty-five thousand dollars 39 and one hundred fifty thousand dollars, respectively. In addition, a 40 county, city, town or village which is a "high-appreciation munici- 41 pality" as defined in this subparagraph is authorized to adopt a local 42 law, and each school district which is within a high-appreciation muni- 43 cipality is authorized to adopt a resolution, to increase the maximum 44 exemption allowable in paragraphs (a) and (b) of this subdivision to 45 twenty-six thousand dollars, thirty-nine thousand dollars and one 46 hundred thirty thousand dollars, respectively; twenty-eight thousand 47 dollars, forty-two thousand dollars and one hundred forty thousand 48 dollars, respectively; thirty thousand dollars, forty-five thousand 49 dollars and one hundred fifty thousand dollars, respectively; thirty-two 50 thousand dollars, forty-eight thousand dollars and one hundred sixty 51 thousand dollars, respectively; thirty-four thousand dollars, fifty-one 52 thousand dollars and one hundred seventy thousand dollars, respectively; 53 thirty-six thousand dollars, fifty-four thousand dollars and one hundred 54 eighty thousand dollars, respectively; thirty-eight thousand dollars, 55 fifty-seven thousand dollars and one hundred ninety thousand dollars, 56 respectively; forty thousand dollars, sixty thousand dollars and twoA. 6510--A 3 1 hundred thousand dollars, respectively; forty-two thousand dollars, 2 sixty-three thousand dollars and two hundred ten thousand dollars, 3 respectively; forty-four thousand dollars, sixty-six thousand dollars 4 and two hundred twenty thousand dollars, respectively; forty-six thou- 5 sand dollars, sixty-nine thousand dollars and two hundred thirty thou- 6 sand dollars, respectively; forty-eight thousand dollars, seventy-two 7 thousand dollars and two hundred forty thousand dollars, respectively; 8 fifty thousand dollars, seventy-five thousand dollars and two hundred 9 fifty thousand dollars, respectively. For purposes of this subparagraph, 10 a "high-appreciation municipality" means: (A) a special assessing unit 11 that is a city, (B) a county for which the commissioner has established 12 a sales price differential factor for purposes of the STAR exemption 13 authorized by section four hundred twenty-five of this title in three 14 consecutive years, and (C) a city, town or village which is wholly or 15 partly located within such a county. 16 § 2. This act shall take effect immediately and shall apply to assess- 17 ment rolls prepared on the basis of taxable status dates occurring on or 18 after January 1, 2018.