S T A T E O F N E W Y O R K
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5722--A
2017-2018 Regular Sessions
I N S E N A T E
April 26, 2017
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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.
