Bill > S01788

This bill extends real property tax exemptions for veterans by modifying existing law to include veterans who served on submarines or on classified missions during a period of war, as verified by their military service records. Currently, veterans can receive a property tax exemption of up to 10% (not exceeding $8,000) if they served in a combat theatre or zone and received specific campaign ribbons or expeditionary medals. The proposed amendment adds submarine service and classified mission service as additional qualifying criteria for this tax exemption. Specifically, the bill amends section 458-a of the real property tax law to broaden the eligibility requirements, allowing more veterans to benefit from reduced property taxes. The legislation aims to provide additional financial support to veterans who have served in less traditionally recognized but equally important military roles. The amendment will take effect immediately upon passage.

Military Affairs and Security

https://www.nysenate.gov/legislation/bills/2025/S1788