Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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May 03, 2022 | referred to real property taxation delivered to assembly passed senate |
Apr 27, 2022 | advanced to third reading |
Apr 26, 2022 | 2nd report cal. |
Apr 25, 2022 | 1st report cal.805 |
Jan 05, 2022 | referred to veterans, homeland security and military affairs returned to senate died in assembly |
May 03, 2021 | referred to real property taxation delivered to assembly passed senate |
Apr 21, 2021 | advanced to third reading |
Apr 20, 2021 | 2nd report cal. |
Apr 19, 2021 | 1st report cal.684 |
Jan 29, 2021 | referred to veterans, homeland security and military affairs |
senate Bill S3402
Sponsored By
Jamaal T. Bailey
(D) 36th Senate District
Archive: Last Bill Status - Passed Senate
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Co-Sponsors
Joseph P. Addabbo Jr
(D) 15th Senate District
Fred Akshar
(R, C, IP, RFM) 0 Senate District
Brian A. Benjamin
(D) 0 Senate District
Alessandra Biaggi
(D, WF) 0 Senate District
S3402 (ACTIVE) - Details
S3402 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3402 REVISED 5/5/22 SPONSOR: BAILEY TITLE OF BILL: 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 PURPOSE OR GENERAL IDEA OF BILL: To allow for an additional real property tax exemption when two quali- fied veterans reside in the same household for the alternative veterans' exemptions. SUMMARY OF PROVISIONS: RPT law Section 458a subsection 2a provides a real property exemption for veterans up to 15% of the assessed value of such property, provided, that such exemption shall not exceed $12,000 or the product of twelve thousand dollars multiplied by the latest state equalization rate.
S3402 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3402 2021-2022 Regular Sessions I N S E N A T E January 29, 2021 ___________ Introduced by Sens. BAILEY, BENJAMIN, BIAGGI, COMRIE, GIANARIS, HOYLMAN, JACKSON, LIU, MYRIE, PARKER, RAMOS, RIVERA, SALAZAR, SANDERS, SEPULVE- DA, SERRANO -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06822-01-1
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