S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3552
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2017
                                ___________
 
 Introduced  by  M.  of A. RAIA, KOLB, SALADINO, MALLIOTAKIS, RA, CURRAN,
   BLANKENBUSH, GRAF, LALOR, CROUCH, FINCH, DiPIETRO  --  Multi-Sponsored
   by  --  M. of A.  BARCLAY, BUTLER, FITZPATRICK, GIGLIO, HAWLEY, JOHNS,
   McDONOUGH, McKEVITT, OAKS, STEC, THIELE -- read once and  referred  to
   the Committee on Real Property Taxation

 AN  ACT to amend the real property tax law, in relation to the veteran's
   alternative exemption
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraphs  (a), (b), and (c) of subdivision 2 of section
 458-a of the real property tax law, paragraph (a) as amended by  chapter
 899  of the laws of 1985, paragraph (b) as amended by chapter 473 of the
 laws of 2004, and paragraph (c) as amended by chapter 100 of the laws of
 1988, are amended to read as follows:
   (a) Qualifying residential real property shall be exempt from taxation
 to the extent of fifteen percent of the assessed value of such property;
 provided, however, that such exemption shall not exceed [twelve] SIXTEEN
 thousand dollars or the product of  [twelve]  SIXTEEN  thousand  dollars
 multiplied by the latest state equalization rate for the assessing unit,
 or  in  the  case  of  a special assessing unit, the latest class ratio,
 whichever is less.
   (b) In addition to the exemption provided by  paragraph  (a)  of  this
 subdivision, where the veteran served in a combat theatre or combat zone
 of  operations,  as  documented by the award of a United States campaign
 ribbon or service medal, or the armed forces expeditionary  medal,  navy
 expeditionary  medal, marine corps expeditionary medal, or global war on
 terrorism expeditionary medal, qualifying residential real property also
 shall be exempt from taxation to  the  extent  of  ten  percent  of  the
 assessed  value of such property; provided, however, that such exemption
 shall not exceed [eight] TEN thousand dollars or the product of  [eight]
 TEN  thousand  dollars  multiplied by the latest state equalization rate
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD06924-01-7

 A. 3552                             2
 
 for the assessing unit, or in the case of a special assessing unit,  the
 class ratio, whichever is less.
   (c)  In  addition to the exemptions provided by paragraphs (a) and (b)
 of this subdivision, where the veteran received  a  compensation  rating
 from  the  United  States  veteran's  administration  or from the United
 States department of defense because of a service connected  disability,
 qualifying  residential  real  property shall be exempt from taxation to
 the extent of the product of the assessed value of such property  multi-
 plied  by  fifty  percent  of the veteran's disability rating; provided,
 however, that such exemption shall not  exceed  [forty]  FIFTY  thousand
 dollars  or  the product of [forty] FIFTY thousand dollars multiplied by
 the latest state equalization rate for the assessing  unit,  or  in  the
 case  of  a special assessing unit, the latest class ratio, whichever is
 less. For purposes of this paragraph, where a person who served  in  the
 active  military,  naval  or  air service during a period of war died in
 service of a service connected disability, such person shall  be  deemed
 to have been assigned a compensation rating of one hundred percent.
   §  2.  This act shall take effect immediately and shall apply to taxes
 levied on assessment rolls completed on and after July 1, 2004.