Bill Text: NY A09168 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to exemptions available to veterans.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2016-03-23 - substituted by s6385a [A09168 Detail]

Download: New_York-2015-A09168-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          9168
                   IN ASSEMBLY
                                    February 1, 2016
                                       ___________
        Introduced by M. of A. THIELE -- read once and referred to the Committee
          on Veterans' Affairs
        AN ACT to amend the real property tax law, relating to exemptions avail-
          able to veterans, as proposed in legislative bill numbers S.4391-A and
          A.6223-A, 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 amended by section 2 of a
     3  chapter of the laws of 2015, amending the real property tax law relating
     4  to  exemptions  available  to  veterans, as proposed in legislative bill
     5  numbers S.4391-A and A.6223-A, is amended to read as follows:
     6    (iii) The exemption provided by  paragraph  (a)  of  this  subdivision
     7  shall be granted for a period of ten years. The commencement of such ten
     8  year  period  shall  be  governed pursuant to this subparagraph. Where a
     9  qualified owner owns qualifying residential real property on the  effec-
    10  tive  date  of the local law providing for such exemption, such ten year
    11  period shall be measured from the assessment roll prepared  pursuant  to
    12  the  first  taxable status date occurring on or after the effective date
    13  of the local law providing for such exemption. Where a  qualified  owner
    14  does  not own qualifying residential real property on the effective date
    15  of the local law providing for such  exemption,  such  ten  year  period
    16  shall  be  measured  from  the  assessment roll prepared pursuant to the
    17  first taxable status date occurring at least sixty days after  the  date
    18  of  purchase of qualifying residential real property; provided, however,
    19  that should the veteran apply for and be granted  an  exemption  on  the
    20  assessment  roll  prepared  pursuant  to a taxable status date occurring
    21  within sixty days after the date of purchase of residential real proper-
    22  ty, such ten year period shall be measured  from  the  first  assessment
    23  roll  in  which  the exemption occurs. If, before the expiration of such
    24  ten year period, such exempt property is sold and  replaced  with  other
    25  residential  real  property,  such  exemption may be granted pursuant to
    26  this subdivision for the unexpired portion of  the  ten  year  exemption
    27  period.  Each  county,  city,  town  or village may adopt a local law to
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08164-06-6