senate Bill S3446

2011-2012 Legislative Session

Removes a cap on allowable real property tax exemptions available to certain 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 (3)
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
Feb 22, 2011 referred to veterans, homeland security and military affairs

S3446 - Details

See Assembly Version of this Bill:
A5493
Current Committee:
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยง458-a, RPT L
Versions Introduced in 2009-2010 Legislative Session:
S237, A341

S3446 - Summary

Removes caps on allowable real property tax exemptions available to several categories of military veterans.

S3446 - Sponsor Memo

S3446 - Bill Text download pdf

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

    S. 3446                                                  A. 5493

                       2011-2012 Regular Sessions

                      S E N A T E - A S S E M B L Y

                            February 22, 2011
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed,  and  when  printed  to be committed to the Committee on Veterans,
  Homeland Security and Military Affairs

IN ASSEMBLY -- 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, 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.    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 thousand
dollars [or the product of twelve 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 thousand dollars [or the product of eight thou-
sand dollars multiplied by the latest state equalization  rate  for  the

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03757-01-1

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