Provides authorization to grant certain exemptions from real property tax for school districts to eligible veterans where such exemption is adopted by the governing body of the school district.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A565 REVISED 4/14/11
SPONSOR: Cusick (MS) TITLE OF BILL: An act to amend the real property tax law, in relation
to authorizing certain exemptions from school district real property for
veterans
PURPOSE OR GENERAL IDEA OF BILL: This bill would authorize the govern-
ing body of a school district, after public hearings and adoption of a
resolution, to grant eligible veterans an exemption from their school
taxes.
SUMMARY OF SPECIFIC PROVISIONS: Amends subdivision 2 of section 458-a
of the real property tax law.
JUSTIFICATION: Currently, New York State property tax laws provide
partial property tax exemptions to qualified veterans of the United
States Military. Unfortunately, this exemption is not applicable to
school taxes. As a result, veterans receiving this benefit must pay back
the school tax portion which can be as much as four hundred dollars for
an average single family homeowner. Given the incredible sacrifices made
by our military personnel, it is only fitting that we extend the veter-
an's property tax credits to school taxes.
PRIOR LEGISLATIVE HISTORY: 2012: A.35 Passed Assembly/S.1645 Died in
Senate; 2010: A.5371 Passed Assembly/S.1525 Died in Senate; 2008: A.2603
Passed Assembly/S.2171 Died in Senate; 2006: A. 10249-C Passed
Assembly/S.7168-B Died in Senate.
FISCAL IMPLICATIONS: To be determined.
EFFECTIVE DATE: Immediately.
