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Bill > S04302
NY S04302
NY S04302Increases the amount combat veterans shall be exempt from real property taxation to thirty-five percent.
summary
Introduced
02/03/2021
02/03/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the real property tax law, in relation to real property tax exemptions for combat veterans
AI Summary
This bill amends the Real Property Tax Law to increase the amount of real property tax exemption for combat veterans from 10% to 35% of the assessed value of their qualifying residential property, up to a maximum of $40,000 or the product of $40,000 multiplied by the latest state equalization rate or class ratio, whichever is less. The bill applies to assessment rolls prepared on or after January 1, 2022.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S4302 | 02/04/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04302&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04302 | 02/04/2021 |
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