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Bill > A09448


NY A09448

NY A09448
Establishes an additional real property tax exemption for the primary residence of veterans with a one hundred percent service connected disability.


summary

Introduced
01/06/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the real property tax law, in relation to a real property tax exemption for veterans who have a one hundred percent service connected disability; and to amend a chapter of the laws of 2025 amending the real property tax law relating to establishing a real property tax exemption for veterans who have a one hundred percent service connected disability, as proposed in legislative bills numbers S. 1183 and A. 74, in relation to the effectiveness thereof

AI Summary

This bill establishes an additional real property tax exemption for the primary residence of veterans who have a one hundred percent service-connected disability, meaning their disability is rated as total and permanent by the U.S. Department of Veterans Affairs. This exemption is in addition to any other property tax relief veterans may already receive and ensures that the taxable assessed value of a qualifying veteran's property cannot be reduced below zero. The bill also clarifies the effective date for this exemption, making it applicable to assessment rolls based on taxable status dates occurring on or after October 1, 2026, and aligns its effective date with a related law passed in 2025 that also addresses property tax exemptions for severely disabled veterans.

Committee Categories

Budget and Finance

Sponsors (7)

Last Action

substituted by s8803 (on 01/20/2026)

bill text


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