Bill Text: NY S03836 | 2015-2016 | General Assembly | Amended
Bill Title: Increases the amount combat veterans shall be exempt from real property taxation to thirty-five percent.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-01-15 - PRINT NUMBER 3836A [S03836 Detail]
Download: New_York-2015-S03836-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 3836--A 2015-2016 Regular Sessions IN SENATE February 20, 2015 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Securi- ty and Military Affairs -- recommitted to the Committee on Veterans, Homeland Security and Military Affairs in accordance with Senate Rule 6, sec. 8 -- 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 § 2. This act shall take effect immediately and shall apply to assess- 17 ment rolls prepared on or after January 1, 2017. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01037-02-6
