Bill > A00074

This bill establishes a property tax exemption for veterans with a 100 percent service-connected disability, allowing local governments (counties, cities, towns, villages, and school districts) to adopt a law or resolution providing a full tax exemption for the primary residence of eligible veterans. To qualify, veterans must have been discharged under honorable conditions and either be rated 100 percent disabled by the United States Department of Veterans Affairs or the Department of Defense due to a service-connected disability, or be rated as individually unemployable. The bill also includes provisions for LGBT veterans and those with qualifying conditions, ensuring they can receive the exemption if they meet the discharge and disability criteria. The tax exemption would cover not just property taxes, but also special district charges, assessments, and special ad valorem levies. This legislation is designed to provide financial relief to veterans who have sustained significant disabilities during their military service, with the tax exemption taking effect for assessment rolls prepared on and after January 2, 2026.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A74