Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 06, 2016 |
referred to veterans, homeland security and military affairs |
Jan 07, 2015 |
referred to veterans, homeland security and military affairs |
Senate Bill S333
2015-2016 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Veterans, Homeland Security And Military Affairs Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2015-S333 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A156
- Current Committee:
- Senate Veterans, Homeland Security And Military Affairs
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd ยง458-a, RPT L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S237, A341
2011-2012: S3446, A5493
2013-2014: S2278, A2393
2015-S333 (ACTIVE) - Sponsor Memo
BILL NUMBER: S333 TITLE OF BILL : An act to amend the real property tax law, in relation to exemptions available to veterans PURPOSE : Removes a cap on a allowable real property tax exemptions available to certain veterans. SUMMARY OF PROVISIONS : Further amends paragraphs (a), (b) and (c) of Subdivision 2 of Section 458-a of the real property tax law by exempting qualifying residential real property from taxation up to 15% of its assessed value, in addition to which, when a veteran can show documentation that he served in a combat zone, such property will also be exempt from taxation up to 10% of its assessed value. In addition to the aforementioned exemptions, paragraph (c) provides that when a veteran is receiving a compensation because of a service related disability, qualifying residential real property will be exempt from taxation based on an established formula. JUSTIFICATION : Section 456-a of the NYS Real Property Tax Law allows a veteran to receive an exemption of 15% for serving during a period of war and an additional 10% for serving in a combat zone. These figures are misleading, however, because they are keyed to a cap which uses the latest state equalization rate. When this cap kicks in at a certain
2015-S333 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 333 A. 156 2015-2016 Regular Sessions S E N A T E - A S S E M B L Y (PREFILED) January 7, 2015 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Veterans, Homeland Security and Military Affairs IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Veterans' Affairs AN ACT to amend the real property tax law, in relation to exemptions available to veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs (a), (b) and (c) of subdivision 2 of section 458-a of the real property tax law, paragraph (a) as amended by chapter 899 of the laws of 1985, paragraph (b) as amended by chapter 473 of the laws of 2004 and paragraph (c) as amended by chapter 100 of the laws of 1988, are amended to read as follows: (a) Qualifying residential real property shall be exempt from taxation to the extent of fifteen percent of the assessed value of such property; provided, however, that such exemption shall not exceed twelve thousand dollars [or the product of twelve thousand dollars multiplied by the latest state equalization rate for the assessing unit, or in the case of a special assessing unit, the latest class ratio, whichever is less]. (b) In addition to the exemption provided by paragraph (a) of this subdivision, where the veteran served in a combat theatre or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, or the armed forces expeditionary medal, navy expeditionary medal, marine corps expeditionary medal, or global war on terrorism expeditionary medal, qualifying residential real property also shall be exempt from taxation to the extent of ten percent of the assessed value of such property; provided, however, that such exemption shall not exceed eight thousand dollars [or the product of eight thou- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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