The New York State Senate

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

                                 5722--A

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                             April 26, 2017
                               ___________

Introduced  by  Sens.  LARKIN,  CROCI,  LITTLE -- read twice and ordered
  printed, and when printed to be committed to the Committee  on  Veter-
  ans,  Homeland  Security and Military Affairs -- committee discharged,
  bill amended, ordered reprinted as amended  and  recommitted  to  said
  committee

AN  ACT  to  amend the real property tax law, in relation to authorizing
  counties, cities, town, villages and school  districts  to  extend  or
  make permanent the granting of the exemption for Cold War veterans

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subparagraph (iii) of paragraph (c)  of  subdivision  2  of
section  458-b  of  the  real property tax law, as separately amended by
chapters 22 and 253 of the laws of 2016, is amended to read as follows:
  (iii) The exemption provided by  paragraph  (a)  of  this  subdivision
shall INITIALLY be granted for a period of ten years, AND MAY THEREAFTER
BE  EXTENDED FOR AN ADDITIONAL PERIOD OF TEN YEARS OR BE MADE PERMANENT.
The commencement of such [ten year] EXEMPTION period shall  be  governed
pursuant  to  this subparagraph. Where a qualified owner owns qualifying
residential real property on the effective date  of  the  local  law  or
resolution providing for such exemption, such [ten year] EXEMPTION peri-
od  shall  be measured from the assessment roll prepared pursuant to the
first taxable status date occurring on or after the  effective  date  of
the local law or resolution providing for such exemption. Where a quali-
fied  owner  does  not  own  qualifying residential real property on the
effective date of  the  local  law  or  resolution  providing  for  such
exemption,  such  [ten year] EXEMPTION period shall be measured from the
assessment roll prepared pursuant  to  the  first  taxable  status  date
occurring  at  least sixty days after the date of purchase of qualifying
residential real property; provided, however, that  should  the  veteran
apply  for  and  be granted an exemption on the assessment roll prepared
pursuant to a taxable status date occurring within sixty days after  the

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

                                                           LBD11180-02-7

S. 5722--A                          2

date of purchase of residential real property, such [ten year] EXEMPTION
period  shall  be  measured  from the first assessment roll in which the
exemption occurs. If, before the expiration of such [ten year] EXEMPTION
period, such exempt property is sold and replaced with other residential
real  property,  such exemption may be granted pursuant to this subdivi-
sion for the unexpired portion of the [ten year] exemption period.  Each
county,  city,  town  or  village may adopt a local law, and each school
district may adopt a resolution, to reduce the maximum exemption  allow-
able  in  paragraphs  (a)  and  (b)  of this subdivision to six thousand
dollars, nine thousand dollars and thirty thousand dollars,  respective-
ly,  or  four thousand dollars, six thousand dollars and twenty thousand
dollars, respectively. Each county,  city,  town,  or  village  is  also
authorized  to  adopt  a local law, and each school district may adopt a
resolution, to increase the maximum exemption  allowable  in  paragraphs
(a)  and  (b) of this subdivision to ten thousand dollars, fifteen thou-
sand dollars and fifty thousand dollars, respectively;  twelve  thousand
dollars,  eighteen  thousand dollars and sixty thousand dollars, respec-
tively; fourteen  thousand  dollars,  twenty-one  thousand  dollars  and
seventy  thousand dollars, respectively; sixteen thousand dollars, twen-
ty-four thousand dollars  and  eighty  thousand  dollars,  respectively;
eighteen  thousand  dollars,  twenty-seven  thousand  dollars and ninety
thousand dollars, respectively; twenty thousand dollars, thirty thousand
dollars and one hundred thousand dollars, respectively; twenty-two thou-
sand dollars, thirty-three thousand dollars and one hundred ten thousand
dollars, respectively; twenty-four thousand dollars, thirty-six thousand
dollars and one hundred twenty thousand dollars,  respectively;  twenty-
six  thousand  dollars,  thirty-nine  thousand  dollars, and one hundred
thirty thousand dollars, respectively;  twenty-eight  thousand  dollars,
forty-two  thousand  dollars,  and  one  hundred forty thousand dollars,
respectively; and thirty thousand dollars, forty-five  thousand  dollars
and  one  hundred  fifty  thousand dollars, respectively. In addition, a
county, city, town or village  which  is  a  "high-appreciation  munici-
pality"  as  defined in this subparagraph is authorized to adopt a local
law, and each school district which is within a high-appreciation  muni-
cipality  is  authorized  to adopt a resolution, to increase the maximum
exemption allowable in paragraphs (a) and (b)  of  this  subdivision  to
twenty-six  thousand  dollars,  thirty-nine  thousand  dollars  and  one
hundred thirty thousand  dollars,  respectively;  twenty-eight  thousand
dollars,  forty-two  thousand  dollars  and  one  hundred forty thousand
dollars, respectively;  thirty  thousand  dollars,  forty-five  thousand
dollars and one hundred fifty thousand dollars, respectively; thirty-two
thousand  dollars,  forty-eight  thousand  dollars and one hundred sixty
thousand dollars, respectively; thirty-four thousand dollars,  fifty-one
thousand dollars and one hundred seventy thousand dollars, respectively;
thirty-six thousand dollars, fifty-four thousand dollars and one hundred
eighty  thousand  dollars,  respectively; thirty-eight thousand dollars,
fifty-seven thousand dollars and one hundred  ninety  thousand  dollars,
respectively;  forty  thousand  dollars,  sixty thousand dollars and two
hundred thousand  dollars,  respectively;  forty-two  thousand  dollars,
sixty-three  thousand  dollars  and  two  hundred  ten thousand dollars,
respectively; forty-four thousand dollars,  sixty-six  thousand  dollars
and  two  hundred twenty thousand dollars, respectively; forty-six thou-
sand dollars, sixty-nine thousand dollars and two hundred  thirty  thou-
sand  dollars,  respectively;  forty-eight thousand dollars, seventy-two
thousand dollars and two hundred forty thousand  dollars,  respectively;
fifty  thousand  dollars,  seventy-five thousand dollars and two hundred

S. 5722--A                          3

fifty thousand dollars, respectively. For purposes of this subparagraph,
a "high-appreciation municipality" means: (A) a special  assessing  unit
that  is a city, (B) a county for which the commissioner has established
a  sales  price  differential  factor for purposes of the STAR exemption
authorized by section four hundred twenty-five of this  title  in  three
consecutive  years,  and  (C) a city, town or village which is wholly or
partly located within such a county.
  § 2. This act shall take effect immediately;  provided  however,  that
the  extension of the exemption granted pursuant to section 458-b of the
real property tax law for an additional period of ten  years  or  to  be
made  permanent,  as  authorized  by section one of this act, shall only
become effective in a county, city, town, village or school district, on
the first taxable status date occurring on or after the  effective  date
of  a  local  law  of resolution which authorizes such extension of such
exemption for the additional period of ten years or to  be  made  perma-
nent,  to qualified owners of qualifying real property within such coun-
ty, city, town, village or school district.