S T A T E   O F   N E W   Y O R K
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                                  3355
                       2013-2014 Regular Sessions
                            I N  S E N A T E
                            February 1, 2013
                               ___________
Introduced  by  Sen. HASSELL-THOMPSON -- read twice and ordered printed,
  and when printed to be committed to the Committee on  Veterans,  Home-
  land Security and Military Affairs
AN  ACT  to  amend the real property tax law, in relation to granting an
  additional tax exemption for two qualified veterans living in the same
  household
  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:
  Section 1. Paragraphs (a) and (b) 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 and paragraph (b) as amended by chapter 473 of the laws
of 2004, are amended to read as follows:
  (a) (I) 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.
  (II) IN ADDITION TO THE EXEMPTION PROVIDED BY SUBPARAGRAPH (I) OF THIS
PARAGRAPH, WHERE MORE THAN ONE VETERAN, QUALIFYING UNDER  THIS  SECTION,
LIVES  IN  THE SAME HOUSEHOLD, QUALIFYING RESIDENTIAL REAL PROPERTY ALSO
SHALL BE EXEMPT   FROM TAXATION TO THE  EXTENT  OF  SEVEN  AND  ONE-HALF
PERCENT  OF THE ASSESSED VALUE OF SUCH PROPERTY; PROVIDED, HOWEVER, THAT
SUCH ADDITIONAL EXEMPTION SHALL NOT EXCEED SIX THOUSAND DOLLARS  OR  THE
PRODUCT OF SIX THOUSAND DOLLARS MULTIPLIED BY THE LATEST STATE EQUALIZA-
TION  RATE FOR THE ASSESSING UNIT, OR IN THE CASE OF A SPECIAL ASSESSING
UNIT, THE LATEST CLASS RATIO, WHICHEVER IS LESS.
  (b) (I) 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
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06405-01-3
              
             
                          
                
S. 3355                             2
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 thousand
dollars multiplied by the latest state equalization rate for the assess-
ing  unit,  or in the case of a special assessing unit, the class ratio,
whichever is less.
  (II) IN ADDITION TO THE EXEMPTION PROVIDED BY PARAGRAPH  (A)  OF  THIS
SUBDIVISION AND THE EXEMPTION PROVIDED BY SUBPARAGRAPH (I) OF THIS PARA-
GRAPH,  WHERE  MORE  THAN  ONE VETERAN, QUALIFYING UNDER THIS PARAGRAPH,
LIVES IN THE SAME HOUSEHOLD, QUALIFYING RESIDENTIAL REAL  PROPERTY  ALSO
SHALL  BE  EXEMPT  FROM  TAXATION  TO  THE EXTENT OF FIVE PERCENT OF THE
ASSESSED VALUE OF SUCH PROPERTY; PROVIDED, HOWEVER, THAT SUCH ADDITIONAL
EXEMPTION SHALL NOT EXCEED FOUR THOUSAND DOLLARS OR THE PRODUCT OF  FOUR
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.
  S  2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law.