S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9168

                          I N  A S S E M B L Y

                            February 1, 2016
                               ___________

Introduced by M. of A. THIELE -- read once and referred to the Committee
  on Veterans' Affairs

AN ACT to amend the real property tax law, relating to exemptions avail-
  able to veterans, as proposed in legislative bill numbers S.4391-A and
  A.6223-A, in relation to exemptions available to veterans

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subparagraph (iii) of paragraph (c)  of  subdivision  2  of
section 458-b of the real property tax law, as amended by section 2 of a
chapter of the laws of 2015, amending the real property tax law relating
to  exemptions  available  to  veterans, as proposed in legislative bill
numbers S.4391-A and A.6223-A, is amended to read as follows:
  (iii) The exemption provided by  paragraph  (a)  of  this  subdivision
shall be granted for a period of ten years. The commencement of such ten
year  period  shall  be  governed pursuant to this subparagraph. Where a
qualified owner owns qualifying residential real property on the  effec-
tive  date  of the local law providing for such exemption, such ten year
period shall be measured from the assessment roll prepared  pursuant  to
the  first  taxable status date occurring on or after the effective date
of the local law providing for such exemption. Where a  qualified  owner
does  not own qualifying residential real property on the effective date
of the local law providing for such  exemption,  such  ten  year  period
shall  be  measured  from  the  assessment roll prepared pursuant to the
first taxable status date occurring at least sixty days after  the  date
of  purchase of qualifying residential real property; provided, however,
that should the veteran apply for and be granted  an  exemption  on  the
assessment  roll  prepared  pursuant  to a taxable status date occurring
within sixty days after the date of purchase of residential real proper-
ty, such ten year period shall be measured  from  the  first  assessment
roll  in  which  the exemption occurs. If, before the expiration of such
ten year period, such exempt property is sold and  replaced  with  other
residential  real  property,  such  exemption may be granted pursuant to
this subdivision for the unexpired portion of  the  ten  year  exemption
period.  Each  county,  city,  town  or village may adopt a local law to

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

                                                           LBD08164-06-6

A. 9168                             2

reduce the maximum exemption allowable in paragraphs (a) and (b) of this
subdivision to six thousand dollars, nine thousand  dollars  and  thirty
thousand  dollars,  respectively, or four thousand dollars, six thousand
dollars  and  twenty  thousand dollars, respectively. Each county, city,
town, or village is also authorized to adopt a local law to increase the
maximum exemption allowable in paragraphs (a) and (b) of  this  subdivi-
sion  to  ten thousand dollars, fifteen thousand dollars and fifty thou-
sand dollars, respectively; twelve thousand dollars,  eighteen  thousand
dollars  and  sixty  thousand  dollars,  respectively; fourteen thousand
dollars, twenty-one  thousand  dollars  and  seventy  thousand  dollars,
respectively; sixteen thousand dollars, twenty-four thousand dollars and
eighty  thousand dollars, respectively; eighteen thousand dollars, twen-
ty-seven thousand dollars and  ninety  thousand  dollars,  respectively;
twenty  thousand  dollars, thirty thousand dollars and one hundred thou-
sand dollars, respectively; twenty-two  thousand  dollars,  thirty-three
thousand  dollars  and  one  hundred ten thousand dollars, respectively;
twenty-four  thousand  dollars,  thirty-six  thousand  dollars  and  one
hundred  twenty thousand dollars, respectively; [thirty-nine] TWENTY-SIX
thousand dollars, [twenty-six] THIRTY-NINE  thousand  dollars,  and  one
hundred  thirty thousand dollars, respectively; [forty-two] TWENTY-EIGHT
thousand dollars, [twenty-eight] FORTY-TWO  thousand  dollars,  and  one
hundred  forty  thousand  dollars, respectively; and [forty-five] THIRTY
thousand dollars, [thirty] FORTY-FIVE thousand dollars and  one  hundred
fifty  thousand dollars, respectively. In addition, a county, city, town
or village which is a "high-appreciation  municipality"  as  defined  in
this  subparagraph  is  authorized  to adopt a local law to increase the
maximum exemption allowable in paragraphs (a) and (b) of  this  subdivi-
sion  to  twenty-six  thousand dollars, thirty-nine thousand dollars and
one hundred thirty thousand dollars, respectively; twenty-eight thousand
dollars, forty-two thousand  dollars  and  one  hundred  forty  thousand
dollars,  respectively;  thirty  thousand  dollars,  forty-five thousand
dollars and one hundred fifty thousand dollars, respectively; thirty-two
thousand dollars, forty-eight thousand dollars  and  one  hundred  sixty
thousand  dollars, respectively; thirty-four thousand dollars, fifty-one
thousand dollars and one hundred seventy thousand dollars, respectively;
thirty-six thousand dollars, fifty-four thousand dollars and one hundred
eighty thousand dollars, respectively; [fifty-seven] THIRTY-EIGHT  thou-
sand  dollars,  [thirty-eight]  FIFTY-SEVEN  thousand  dollars  and  one
hundred ninety thousand dollars, respectively;  [sixty]  FORTY  thousand
dollars,  [forty]  SIXTY  thousand  dollars  and  two  hundred  thousand
dollars,  respectively;  [sixty-three]   FORTY-TWO   thousand   dollars,
[forty-two]  SIXTY-THREE  thousand  dollars and two hundred ten thousand
dollars, respectively; [sixty-six] FORTY-FOUR thousand dollars,  [forty-
four]  SIXTY-SIX  thousand  dollars  and  two  hundred  twenty  thousand
dollars, respectively; [sixty-nine] FORTY-SIX thousand dollars,  [forty-
six]  SIXTY-NINE  thousand  dollars  and  two  hundred  thirty  thousand
dollars,  respectively;  [seventy-two]  FORTY-EIGHT  thousand   dollars,
[forty-eight]  SEVENTY-TWO  thousand dollars and two hundred forty thou-
sand  dollars,  respectively;  [seventy-five]  FIFTY  thousand  dollars,
[fifty]  SEVENTY-FIVE  thousand  dollars  and two hundred fifty thousand
dollars, respectively.  For purposes of this subparagraph,  a  "high-ap-
preciation  municipality"  means: (A) a special assessing unit that is a
city, (B) a county for which the commissioner has  established  a  sales
price  differential factor for purposes of the STAR exemption authorized
by section four hundred twenty-five of this title in  three  consecutive

A. 9168                             3

years, and (C) a city, town or village which is wholly or partly located
within such a county.
  S  2.  This  act  shall  take  effect on the same date and in the same
manner as a chapter of the laws of 2015, amending the real property  tax
law  relating to exemptions available to veterans, as proposed in legis-
lative bill numbers S.4391-A and A.6223-A, takes effect.