Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 18, 2025 |
referred to real property taxation |
Assembly Bill A6984
2025-2026 Legislative Session
Sponsored By
WOERNER
Current Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2025-A6984 (ACTIVE) - Details
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §458-a, RPT L
2025-A6984 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6984 2025-2026 Regular Sessions I N A S S E M B L Y March 18, 2025 ___________ Introduced by M. of A. WOERNER -- read once and referred to the Commit- tee on Real Property Taxation AN ACT to amend the real property tax law, in relation to establishing a property tax exemption for certain disabled veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (c) of subdivision 2 of section 458-a of the real property tax law, as amended by chapter 100 of the laws of 1988, is amended to read as follows: (c) In addition to the exemptions provided by paragraphs (a) and (b) of this subdivision, where the veteran received a compensation rating from the United States veteran's administration or from the United States department of defense because of a service connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multi- plied by fifty percent of the veteran's disability rating; provided, however, that such exemption shall not exceed forty thousand dollars or the product of forty 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. ADDITIONALLY, ANY VETERAN WHO RECEIVED A COMPENSATION RATING OF ONE HUNDRED PERCENT FOR A PERMANENT AND TOTAL SERVICE CONNECTED DISABILITY SHALL HAVE THE FIRST SIX THOUSAND DOLLARS OF THEIR PROPERTY TAX EXEMPTED REGARDLESS OF THEIR REAL PROPERTY TAX ASSESSMENT. For purposes of this paragraph, where a person who served in the active military, naval or air service during a period of war died in service of a service connected disabili- ty, such person shall be deemed to have been assigned a compensation rating of one hundred percent. § 2. This act shall take effect on the first of January next succeed- ing the date on which it shall have become a law and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on and after such date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.