NY State Senate Bill S3402

Current 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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Actions

view actions (16)

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
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

Votes

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May 3, 2022 - floor Vote

S3402

floor

Aye

Nay

Absent

Excused

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Apr 25, 2022 - Veterans, Homeland Security and Military Affairs committee Vote

S3402

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

May 3, 2021 - floor Vote

S3402

floor

Aye

Nay

Absent

Excused

Abstained

Apr 19, 2021 - Veterans, Homeland Security and Military Affairs committee Vote

S3402

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

Co-Sponsors

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S3402 (ACTIVE) - Details

See Assembly Version of this Bill:: A4694
Law Section:: Real Property Tax Law
Laws Affected:: Amd §458-a, RPT L
Versions Introduced in Other Legislative Sessions:: 2009-2010: S5370
2011-2012: S3812
2013-2014: S3355
2015-2016: S2025
2017-2018: S3336
2019-2020: S2570

S3402 (ACTIVE) - Summary

Provides additional tax exemptions on qualifying residential real property where two or more qualified veterans live in the same household.

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.

RPT law section 458a subsection 2h provides an additional exemption of
up to 10 of qualifying residential real property for veterans who served
in a combat theatre or combat zone of operations, provided, however,
that such exemption shall not exceed $8000 or the product of eight thou-
sand dollars multiplied by the latest state equalization rate for the
assessing unit.

 
JUSTIFICATION:

By enlisting as a member of the armed forces a person chooses to place
themselves in harm's way to protect our country and our freedoms.  With
the United States' ongoing involvement in Iraq and Afghanistan a
soldier's enlistment means there is a significant chance of deployment.
When a soldier is deployed there is a financial burden placed on the
families they leave behind. This is a debt that their families may
endure for years to come.

New York State recognizes and rewards the soldiers who enlist and serve
during a time of war by granting them an Alternative Veterans real prop-
erty tax exemption. The Alternative Veterans Exemption is available only
for residential property of veterans who served during wartime or
received an expeditionary medal. This provides for an exemption of 15t
of the assessed value to veterans who served during wartime and an addi-
tional into those who served in a combat zone.  Each county must opt-in"
to grant this alternative exemption.

However, if two qualified veterans reside in the same household the
exemption does not change or increase. This legislation will allow for
an increase of the Alternative Veterans exemption for a household with
two qualifying veterans. The new language provides for an addition of
half of the current percentages allowed. Therefore, a household with two
veterans who served during wartime would receive an exemption up to
22.5% of the assessed value of the property and additional 15% if both
veterans served in a combat zone. Each county must still opt in to grant
this alternative exemption. This legislation will Properly recognize and
reward all veterans who have served their country and who own property
in New York State.
 
PRIOR LEGISLATIVE HISTORY:

2015-16: S.2025 - Referred to Veterans, Homeland Security & Military

2017-18: S.3336 - Referred to Veterans' Affairs

2019-20: S.2570 - Passed Senate

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

None to the state

 
EFFECTIVE DATE:
The first of January succeeding the date in which it becomes law.

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

 S. 3402                             2
 
   (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
 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.
   § 2. This act shall take effect on the first of January next  succeed-
 ing the date on which it shall have become a law.

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The New York State Senate

senate Bill S3402

Sponsored By

Current Bill Status - Passed Senate

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Actions

Votes

May 3, 2022 - floor Vote

Floor Vote: May 3, 2022

Apr 25, 2022 - Veterans, Homeland Security and Military Affairs committee Vote

Veterans, Homeland Security and Military Affairs Committee Vote: Apr 25, 2022

May 3, 2021 - floor Vote

Floor Vote: May 3, 2021

Apr 19, 2021 - Veterans, Homeland Security and Military Affairs committee Vote

Veterans, Homeland Security and Military Affairs Committee Vote: Apr 19, 2021

Co-Sponsors

S3402 (ACTIVE) - Details

S3402 (ACTIVE) - Summary

S3402 (ACTIVE) - Sponsor Memo

S3402 (ACTIVE) - Bill Text download pdf

Comments

senate Bill S3402

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Sponsored By

Current Bill Status - Passed Senate

Your Voice

Actions

Votes

May 3, 2022 - floor Vote

Floor Vote: May 3, 2022

Apr 25, 2022 - Veterans, Homeland Security and Military Affairs committee Vote

Veterans, Homeland Security and Military Affairs Committee Vote: Apr 25, 2022

May 3, 2021 - floor Vote

Floor Vote: May 3, 2021

Apr 19, 2021 - Veterans, Homeland Security and Military Affairs committee Vote

Veterans, Homeland Security and Military Affairs Committee Vote: Apr 19, 2021

Co-Sponsors

S3402 (ACTIVE) - Details

S3402 (ACTIVE) - Summary

S3402 (ACTIVE) - Sponsor Memo

S3402 (ACTIVE) - Bill Text download pdf

Comments