Bill > S04742

This bill amends the New York Real Property Tax Law to extend a property tax exemption to active duty service members of the United States armed forces, similar to existing exemptions for veterans. The bill defines an "active duty service member" as an individual performing active military service as outlined in state military law. It modifies several sections of the existing law to include active duty service members alongside veterans and their spouses in the definition of "qualified owners" eligible for property tax exemptions. Specifically, the bill allows active duty service members to receive a property tax exemption on their primary residential property, with additional provisions for those who have served in combat zones, which can provide an exemption of up to ten percent of the property's assessed value (not exceeding $8,000). The bill also updates provisions related to transferring the exemption when a property is sold and ensures that documentation requirements for proving service status are developed in consultation with veterans' services and the Department of Defense. The changes aim to provide tax relief for active duty service members, recognizing their service to the country by offering financial support through property tax reduction.

Military Affairs and Security

https://www.nysenate.gov/legislation/bills/2025/S4742