Bill > A08316

This bill establishes a new supplemental property tax exemption for veterans and certain un-remarried spouses of veterans, which allows local governments (cities, villages, towns, school districts, fire districts, or counties) to adopt a local law providing a tax exemption of up to 10% of a property's assessed value. To qualify, the property must be the veteran's primary residence used exclusively for residential purposes, and the local government must first hold a public hearing and pass a specific resolution. The bill defines a veteran according to existing state law and includes provisions for un-remarried spouses of veterans who were killed in the line of duty or have deceased veterans, allowing them to continue receiving the tax exemption under certain conditions. Veterans must apply for the exemption with the local assessor by the taxable status date, and those already receiving other veteran-related property tax exemptions are not eligible for this new supplemental exemption. The key innovation is that this tax relief is optional for local governments, giving them the flexibility to adopt the exemption based on their local needs and preferences.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A8316