S T A T E   O F   N E W   Y O R K
________________________________________________________________________
                                  2600
                       2011-2012 Regular Sessions
                          I N  A S S E M B L Y
                            January 19, 2011
                               ___________
Introduced  by  M.  of A. RABBITT, SPANO, KOLB, RAIA, McKEVITT, BURLING,
  TOBACCO, FINCH -- Multi-Sponsored  by  --  M.  of  A.  BUTLER,  CONTE,
  CROUCH,  GABRYSZAK, McDONOUGH, WEISENBERG -- read once and referred to
  the Committee on Veterans' Affairs
AN ACT to amend the real property tax law, in relation to partial  prop-
  erty tax exemptions of school taxes for qualified veterans
  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
  Section 1. Subparagraph (i) of  paragraph  (d)  of  subdivision  2  of
section  458-a  of the real property tax law, as added by chapter 525 of
the laws of 1984, is amended to read as follows:
  (i) The exemption from taxation provided by this subdivision shall  be
applicable to county, city, town and village taxation, [but shall not be
applicable to] AND taxes levied for school purposes.
  S  2. 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] AND TAXA-
TION for local school purposes. The provisions herein, 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 3. This act shall take effect on the first of January next  succeed-
ing  the date on which it shall have become a law and shall apply to all
assessment rolls completed on and after such date.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              
             
                          
                                      [ ] is old law to be omitted.
                                                           LBD03517-01-1