|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to investigations and government operations|
|Jan 09, 2013||referred to investigations and government operations|
senate Bill S823
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S823 - Details
- See Assembly Version of this Bill:
- Current Committee:
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L; amd §§844, 467-a & 1801, rpld §§458 & 458-a, RPT L; amd §51, Gen Muni L; rpld §§11-245.45, 11-245.5, 11-245.6 & 11-245.7, NYC Ad Cd
- Versions Introduced in Previous Legislative Sessions:
2011-2012: S7039, A559A
S823 - Summary
Replaces current system which grants veterans real property tax exemptions funded by local governments with a system funded by the state; provides that honorably discharged veterans of certain wars shall receive an additional personal income tax credit varying in amount based on factors like extent of disability for qualifying real property taxes; provides same to unremarried surviving spouse; includes multi-unit real property at least one unit of which is veteran's primary residence… (view more) repeals provisions relating to current system of veterans' real property tax exemptions.
S823 - Sponsor Memo
BILL NUMBER:S823 TITLE OF BILL: An act to amend the tax law, the real property tax law and the general municipal law, in relation to providing personal income tax credit for real property taxes paid by honorably discharged veterans or the unremarried surviving spouses of such veterans and to repeal sections 458 and 458-a of the real property tax law and sections 11-245.45, 11-245.5, 11-245.6 and 11-245.7 of the administrative code of the city of New York relating thereto PURPOSE OR GENERAL IDEA OF BILL: To replace the current system of veterans' real property tax exemptions with a veterans' real property tax credit on the state level. SUMMARY OF PROVISIONS: Section 606 of the tax law is amended by adding a new subsection (vv). The credit would be equal to the following: (1) Veterans with a 100% service connected disability would receive a credit equal to 60% of the real property taxes paid on their principal residence (or 60% of adjusted rent on their principal
S823 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 823 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, the real property tax law and the general municipal law, in relation to providing personal income tax credit for real property taxes paid by honorably discharged veterans or the unre- married surviving spouses of such veterans and to repeal sections 458 and 458-a of the real property tax law and sections 11-245.45, 11-245.5, 11-245.6 and 11-245.7 of the administrative code of the city of New York relating thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 606 of the tax law is amended by adding a new subsection (vv) to read as follows: (VV) REAL PROPERTY TAX CREDIT FOR VETERANS. (1) A TAXPAYER WHO IS AN HONORABLY DISCHARGED VETERAN OF THE SPANISH-AMERICAN WAR, THE MEXICAN BORDER PERIOD, WORLD WAR I, WORLD WAR II, THE HOSTILITIES WHICH COMMENCED JUNE TWENTY-SEVENTH, NINETEEN HUNDRED FIFTY TO THE THIRTY-FIRST OF JANUARY, NINETEEN HUNDRED FIFTY-FIVE, OR THE HOSTILITIES PARTICIPATED IN BY THE MILITARY FORCES OF THE UNITED STATES, FROM THE FIRST DAY OF JANUARY, NINETEEN HUNDRED SIXTY-THREE, TO THE SEVENTH OF MAY, NINETEEN HUNDRED SEVENTY-FIVE; OR THE UNREMARRIED SURVIVING SPOUSE OF SUCH VETERAN SHALL BE ALLOWED A CREDIT OF FIFTEEN PERCENT OF REAL PROPERTY TAXES PAID DURING THE TAXABLE YEAR TO A MUNICIPALITY NOT TO EXCEED TWO HUNDRED FIFTY DOLLARS AGAINST THE TAX IMPOSED BY THIS ARTI- CLE. (2) ANY SUCH TAXPAYER WHO 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 UNREMARRIED SURVIVING SPOUSE OF SUCH VETERAN, SHALL BE ALLOWED AN ADDITIONAL CREDIT OF TEN PERCENT OF REAL EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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