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A03487 Summary:
| BILL NO | A03487 |
| SAME AS | SAME AS S00823 |
| SPONSOR | Lentol |
| COSPNSR | |
| MLTSPNSR | Perry |
| Amd S606, Tax L; amd SS844, 467-a & 1801, rpld SS458 & 458-a, RPT L; amd S51, Gen Muni L; rpld SS11-245.45, 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. | |