Bill > A03864

This bill amends the New York real property tax law to extend property tax exemptions to active duty service members of the United States armed forces, similar to existing exemptions for veterans. The bill broadens the definition of "qualified owner" to include active duty service members, allows them to receive property tax exemptions on their primary residential property, and enables them to benefit from additional exemptions if they served in a combat theater or zone. Specifically, active duty service members can now receive a tax exemption of up to 10% of their property's assessed value (not exceeding $8,000), provided they served in a combat zone and earned certain service medals. The bill also allows for the transfer and prorating of these exemptions if the service member sells their property and purchases a new one within the same county. Additionally, the bill requires state agencies to develop and publish a comprehensive list of acceptable documents to establish eligibility for the exemption, including military service records and discharge forms. The changes aim to provide financial support and recognition to active duty service members by reducing their property tax burden, similar to existing benefits for veterans.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A3864