S T A T E O F N E W Y O R K
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8607
2009-2010 Regular Sessions
I N A S S E M B L Y
May 29, 2009
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Introduced by M. of A. ESPAILLAT -- read once and referred to the
Committee on Real Property Taxation
AN ACT to amend the real property tax law, in relation to redemption of
certain property owned by persons deployed by the United States mili-
tary
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. This act shall be known and may be cited as the "veteran
home redemption relief act".
S 2. The real property tax law is amended by adding a new section 1115
to read as follows:
S 1115. WAIVER OF INTEREST, PENALTIES AND FEES FOR REDEMPTION FOR
CERTAIN PERSONS DEPLOYED BY THE MILITARY. A COUNTY, CITY, TOWN, VILLAGE
OR OTHER TAXING ENTITY MAY BY LAW, ORDINANCE OR REGULATION OF GENERAL
APPLICABILITY PERMIT THE FORMER OWNER OR THE SURVIVING SPOUSE OR DOMES-
TIC PARTNER OF THE FORMER OWNER OF RESIDENTIAL REAL ESTATE FORECLOSED
WITHIN THE PRECEDING THREE YEARS TO REDEEM SUCH REAL ESTATE WITHOUT
INTEREST, PENALTIES AND FEES OWED TO SUCH GOVERNMENTAL ENTITY, PROVIDED
THAT:
(1) THE PROPERTY WAS THE FORMER OWNER'S PRINCIPAL PLACE OF RESIDENCE;
(2) THE FORECLOSURE WAS A RESULT OF FINANCIAL HARDSHIP CAUSED IN
SUBSTANTIAL PART BY THE OWNER'S HAVING BEEN ORDERED TO ACTIVE MILITARY
DUTY IN THE UNITED STATES ARMED FORCES INCLUDING THE RESERVE COMPONENTS
OF SUCH ARMED FORCES;
(3) THE OWNER'S MILITARY ACTIVATION LASTED FOR AT LEAST SIX CONTIGUOUS
MONTHS;
(4) THE TITLE TO THE PROPERTY HAS NOT BEEN ACQUIRED BY A BONA FIDE
PURCHASER WHO WILL USE IT FOR HIS OR HER OWN PRIMARY RESIDENCE; AND
(5) THE FORMER OWNER PROVIDES SATISFACTORY WRITTEN EVIDENCE OF THE
REQUIREMENTS SET FORTH IN THIS SECTION TO THE CHIEF ELECTED OFFICER OF
SUCH COUNTY, CITY, TOWN, VILLAGE OR TAXING ENTITY, OR THEIR DESIGNEE, OR
ANY OTHER OFFICIAL THAT MAY BE DESIGNATED BY SUCH LAW, ORDINANCE OR
REGULATION.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10415-09-9