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A02884 Summary:

BILL NOA02884
 
SAME ASSAME AS S01834
 
SPONSORLentol
 
COSPNSR
 
MLTSPNSR
 
Amd 606, Tax L; amd 844, 467-a & 1801, rpld 458 & 458-a, RPT L; amd 51, Gen Muni L; rpld 11-245.45, 11-245.5, 11-245.6 & 11-245.7, NYC Ad Cd
 
Replaces current system which grants veterans real property tax exemptions funded by local governments with a system funded by the state; provides that honorably discharged veterans of certain wars shall receive an additional personal income tax credit varying in amount based on factors like extent of disability for qualifying real property taxes; provides same to unremarried surviving spouse; includes multi-unit real property at least one unit of which is veteran's primary residence; repeals provisions relating to current system of veterans' real property tax exemptions.
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