NY State Senate Bill 2025-S8057

Current Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs 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

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 15, 2025	referred to veterans, homeland security and military affairs

2025-S8057 (ACTIVE) - Details

See Assembly Version of this Bill:: A2631
Current Committee:: Senate Veterans, Homeland Security And Military Affairs
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
2021-2022: S3402, A4694
2023-2024: A74

2025-S8057 (ACTIVE) - Summary

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

2025-S8057 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S8057

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 SPECIFIC 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 $12,000
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 $8,000 or the product of $8,000
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 22.540 of the assessed value of the property
and an 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:
2021-22: S3402 - Passed Senate

2019-20: S2570 - Passed Senate

2017-18: S3336 - Referred to Veterans' Affairs

2015-16: S2025 - Referred to Veterans, Homeland Security & Military

 
FISCAL IMPLICATIONS:

None.

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

2025-S8057 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8057
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               May 15, 2025
                                ___________
 
 Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Veterans, Homeland Securi-
   ty 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
 MAY  BE  EXEMPT  FROM TAXATION TO THE EXTENT OF UP TO 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, PROVIDED THAT THE
 GOVERNING BODY OF A CITY, VILLAGE, TOWN, SCHOOL DISTRICT, FIRE  DISTRICT
 OR  COUNTY, AFTER   A PUBLIC  HEARING, ADOPTS  A LOCAL LAW, ORDINANCE OR
 RESOLUTION PROVIDING THEREFORE.  THE GOVERNING BODY  OF  THE  APPLICABLE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02708-01-5

 S. 8057                             2
 
 CITY,  VILLAGE,  TOWN,  SCHOOL  DISTRICT,  FIRE DISTRICT OR COUNTY SHALL
 DETERMINE THE PERCENTAGE OF EXEMPTION PROVIDED FOR IN THIS  SUBPARAGRAPH
 WITHIN  SUCH  LOCAL  LAW,  ORDINANCE,  OR RESOLUTION, PROVIDED THAT SUCH
 EXEMPTION  SHALL  NOT  EXCEED SIX THOUSAND DOLLARS OR THE PRODUCT OF SIX
 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.
   (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
 MAY  BE  EXEMPT FROM TAXATION TO THE EXTENT OF UP TO 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 PROVIDED THAT THE GOVERNING BODY
 OF A CITY, VILLAGE, TOWN, SCHOOL  DISTRICT,  FIRE  DISTRICT  OR  COUNTY,
 AFTER   A PUBLIC  HEARING,  ADOPTS  A LOCAL LAW, ORDINANCE OR RESOLUTION
 PROVIDING THEREFORE.    THE  GOVERNING  BODY  OF  THE  APPLICABLE  CITY,
 VILLAGE,  TOWN, SCHOOL DISTRICT, FIRE DISTRICT OR COUNTY SHALL DETERMINE
 THE PERCENTAGE OF EXEMPTION PROVIDED FOR  IN  THIS  SUBPARAGRAPH  WITHIN
 SUCH  LOCAL  LAW, ORDINANCE, OR RESOLUTION, PROVIDED THAT SUCH EXEMPTION
 SHALL NOT EXCEED FOUR THOUSAND DOLLARS OR THE PRODUCT OF  FOUR  THOUSAND
 DOLLARS MULTIPLIED BY THE LATEST STATE EQUALIZATION RATE FOR THE ASSESS-
 ING  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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Senate Bill S8057

Sponsored By

Current Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs Committee

2025-S8057 (ACTIVE) - Details

2025-S8057 (ACTIVE) - Summary

2025-S8057 (ACTIVE) - Sponsor Memo

2025-S8057 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S8057

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Sponsored By

Jamaal T. Bailey

Current Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs Committee

2025-S8057 (ACTIVE) - Details

2025-S8057 (ACTIVE) - Summary

2025-S8057 (ACTIVE) - Sponsor Memo

2025-S8057 (ACTIVE) - Bill Text download pdf

Comments