Bill

Bill > S05588


NY S05588

NY S05588
Expands the Gold Star exemption by including the War on Terror as a qualifying period of war and allows for the exemption where the Gold Star Parent's child has died in the United States from a service-connected disability.


summary

Introduced
02/25/2025
In Committee
02/25/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the real property tax law, in relation to expanding the Gold Star exemption

AI Summary

This bill expands the Gold Star Parent property tax exemption in two key ways: First, it adds the War on Terror (which began on October 7, 2001) to the list of qualifying periods of war for the exemption, alongside existing conflicts like World War II and the Vietnam War. Second, the bill allows Gold Star Parents to receive the property tax exemption if their child has died in the United States from a service-connected disability, even if the death did not occur in a combat zone or directly during military service. A Gold Star Parent is typically a parent who has lost a child in military service or due to service-related circumstances. The tax exemption is designed to provide financial relief to families who have sacrificed a child in service to the country. The changes will take effect for taxable years beginning on or after January 1, 2025, giving local governments and tax authorities time to prepare for the expanded exemption.

Committee Categories

Military Affairs and Security

Sponsors (2)

Last Action

REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS (on 02/25/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...