STATE OF NEW YORK
________________________________________________________________________
6236
2023-2024 Regular Sessions
IN SENATE
April 5, 2023
___________
Introduced by Sen. LANZA -- 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 real property
tax exemptions for combat veterans
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (b) of subdivision 2 of section 458-a of the real
2 property tax law, as amended by chapter 473 of the laws of 2004, is
3 amended to read as follows:
4 (b) In addition to the exemption provided by paragraph (a) of this
5 subdivision, where the veteran served in a combat theatre or combat zone
6 of operations, as documented by the award of a United States campaign
7 ribbon or service medal, or the armed forces expeditionary medal, navy
8 expeditionary medal, marine corps expeditionary medal, or global war on
9 terrorism expeditionary medal, qualifying residential real property also
10 shall be exempt from taxation to the extent of [ten] thirty-five percent
11 of the assessed value of such property; provided, however, that such
12 exemption shall not exceed [eight] forty thousand dollars or the product
13 of [eight] forty thousand dollars multiplied by the latest state equal-
14 ization rate for the assessing unit, or in the case of a special assess-
15 ing unit, the class ratio, whichever is less.
16 § 2. This act shall take effect immediately and shall apply to assess-
17 ment rolls prepared on or after January 1, 2024.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09781-01-3
