Provides that each county, city, town or village may adopt a local law, and each school district may adopt a resolution, that provides qualified applicants with a supplemental exemption from taxation to the extent of five hundred dollars.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A2289
SPONSOR: Norris TITLE OF BILL:
An act to amend the real property tax law, in relation to providing a
supplemental exemption from taxation
PURPOSE OR GENERAL IDEA OF BILL:
Amends the Real Property Tax Law to eliminate the 10-year program dura-
tion, thus making such exemption benefit permanent upon its adoption by
a local government and provide a supplemental $500 property tax
exemption at local option.
SUMMARY OF SPECIFIC PROVISIONS:
The bill would amend Section 458-b of the Real Property Tax Law to elim-
inate the ten-year duration period of such exemption benefit, and make
the adoption of such Cold War Veterans Exemption Program a permanent
benefit for eligible applicants, unless repealed by the local government
at some future date pursuant to the provisions of subdivision 5.
Provides, pursuant to the adoption of a local law or resolution by any
county, city, town, village or school district, an optional, supple-
mental exemption from taxation in the amount of $500.
JUSTIFICATION:
Rather than require eligible beneficiaries of the Cold War Veteran's
Real Property Tax Exemption Program to have to re-apply for their bene-
fits after ten years. this bill makes their property tax relief perma-
nent. This provision would eliminate the additional burden for such
veterans having to re-apply and risk any interruption in enjoying such
tax benefits. With the COVID-19 pandemic. many persons were reluctant to
submit applications for any number of property tax benefits, and legis-
lation was adopted (A.10241-A, Chapter 92 of 2020) to extend the appli-
cation deadline in 2020 and is being considered again for 2021 (A.7368).
The bill also provides for an optional $500 exemption from taxation for
eligible applicants. The vast majority of Cold War veterans are now
senior citizens living on fixed incomes. This optional, supplemental
$500 benefit would help ameliorate the burden of their local property
taxes.
PRIOR LEGISLATIVE HISTORY:
A.8338 of 2021-22
A.10241 -A Chapter 92 of 2020 to extend the application deadline in 2020
A.7368 - Chapter 409 of 2021
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None to the state.
EFFECTIVE DATE:
This act shall take effect immediately.
