Bill > S02068

This bill authorizes municipalities in New York to provide a property tax exemption for active military service members who have served in a combat zone during the taxable year. The bill defines several key terms, including "active military service member" (an individual serving on active duty), "combat zone" (areas designated by presidential executive order where U.S. armed forces are engaging in combat), and "qualified owner" (an active military service member whose duty station is within New York state). Under the proposed law, local governments can choose to offer an exemption of up to 25% of the property's assessed value, not exceeding $20,000 or the equivalent amount adjusted by the state's equalization rate. The exemption applies only to residential property and cannot be combined with other existing military exemptions. To qualify, service members must provide documentation of their active duty in a combat zone, such as military orders or a certified letter from their commanding officer. Applicants must apply annually and can be subject to penalties for false statements. The bill allows local governments to adopt and potentially repeal this exemption, with the repeal needing to occur at least 90 days before the taxable status date. The law would take effect on the second day of January following its enactment and apply to properties with a taxable status date on or after that date.

Budget and Finance, Military Affairs and Security

https://www.nysenate.gov/legislation/bills/2025/S2068