senate Bill S3214

2011-2012 Legislative Session

Increases the amount of the real property tax alternative exemption for veterans

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 06, 2012 reported and committed to finance
Jan 04, 2012 referred to veterans, homeland security and military affairs
Jun 07, 2011 reported and committed to finance
Feb 11, 2011 referred to veterans, homeland security and military affairs

S3214 - Details

See Assembly Version of this Bill:
A4556
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง458-a, RPT L
Versions Introduced in 2009-2010 Legislative Session:
S3275, A3928

S3214 - Summary

Increases the real property tax exemption for certain veterans using alternative exemption; exemption increased from $12,000 to $15,000; additional exemption for combat veterans increased from $8,000 to $10,000; increases disabled veteran exemption from $40,000 to $50,000.

S3214 - Sponsor Memo

S3214 - Bill Text download pdf

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

                                  3214

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            February 11, 2011
                               ___________

Introduced  by Sen. NOZZOLIO -- 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 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),  (c)  and  (d)  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, paragraph (c) as amended by chapter 100 of the laws
of 1988, paragraph (d) as added by chapter 525 of the laws of 1984,  and
subparagraph (ii) of paragraph (d) as amended by chapter 256 of the laws
of  2005  and as further amended by section 1 of part W of charter 56 of
the laws of 2010, 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] FIFTEEN
thousand dollars or the product of  [twelve]  FIFTEEN  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]

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00598-02-1

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