S T A T E O F N E W Y O R K
________________________________________________________________________
346
2009-2010 Regular Sessions
I N S E N A T E
(PREFILED)
January 7, 2009
___________
Introduced by Sen. KRUGER -- read twice and ordered printed, and when
printed to be committed to the Committee on Veterans, Homeland Securi-
ty and Military Affairs
AN ACT to amend the real property tax law, in relation to veterans'
exemptions from taxation for local school purposes in cities with a
population of one million or more
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph 3 of subdivision 1 of section 458 of the real
property tax law, as amended by chapter 733 of the laws of 1959, is
amended to read as follows:
(3) If the assessors are satisfied that the applicant is entitled to
any exemption, they shall make appropriate entries upon the assessment-
roll opposite the description of such property and subtract the total
amount of such exemption from the total amount assessed pursuant to the
provisions of paragraph one of this subdivision. Such entries shall be
made and continued in each assessment of the property so long as it is
exempt from taxation for any purpose. Such real property, to the extent
of the exemption entered by the assessors, shall be exempt from state,
county and general municipal taxation, but shall be taxable for local
school purposes, EXCEPT THAT IN CITIES WITH A POPULATION OF ONE MILLION
OR MORE, SUCH EXEMPTION SHALL APPLY TO TAXATION FOR LOCAL SCHOOL
PURPOSES. The provisions [herein] IN THIS PARAGRAPH, relating to the
assessment and exemption of property purchased with eligible funds apply
and shall be enforced in each municipal corporation authorized to levy
taxes.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03479-01-9