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Bill > S08803

NY S08803

NY S08803
Establishes an additional real property tax exemption for the primary residence of veterans with a one hundred percent service connected disability.

summary

Introduced
01/08/2026
In Committee
01/13/2026
Crossed Over
01/20/2026
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 exemptions veterans may already receive and applies to real property taxes, special district charges, assessments, and special ad valorem levies. The bill clarifies that the taxable assessed value of a qualifying veteran's property cannot be reduced below zero and does not affect any existing exemptions. The effective date for this exemption is tied to assessment rolls based on taxable status dates occurring on or after October 1, 2026, and the bill takes effect immediately.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

returned to senate (on 01/20/2026)
(1 Companion Bills)

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