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Bill > S02028


NY S02028

NY S02028
Establishes a real property tax exemption for the primary residence of veterans with a 100 percent service connected disability.


summary

Introduced
01/18/2023
In Committee
02/27/2024
Crossed Over
02/27/2024
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the real property tax law, in relation to establishing a real property tax exemption for veterans who have a one hundred percent service connected disability

AI Summary

This bill establishes a real property tax exemption for the primary residence of veterans who have a 100 percent service-connected disability. To qualify, the veteran must have been honorably discharged, have a qualifying condition, and be considered permanently and totally disabled as a result of their military service, as determined by the U.S. Department of Veterans Affairs. The exemption applies to county, city, town, village, and school district taxes and assessments, and the bill will take effect immediately, applying to assessment rolls starting in 2024.

Committee Categories

Budget and Finance, Military Affairs and Security

Sponsors (18)

Last Action

referred to ways and means (on 02/27/2024)

bill text


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