Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to real property taxation |
Jan 27, 2017 |
referred to real property taxation |
Assembly Bill A3552
2017-2018 Legislative Session
Sponsored By
RAIA
Archive: Last Bill Status - In Assembly 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
co-Sponsors
Brian Kolb
Nicole Malliotakis
Edward Ra
Brian F. Curran
multi-Sponsors
William A. Barclay
Marc Butler
Michael J. Fitzpatrick
Stephen Hawley
2017-A3552 (ACTIVE) - Details
2017-A3552 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3552 2017-2018 Regular Sessions I N A S S E M B L Y January 27, 2017 ___________ Introduced by M. of A. RAIA, KOLB, SALADINO, MALLIOTAKIS, RA, CURRAN, BLANKENBUSH, GRAF, LALOR, CROUCH, FINCH, DiPIETRO -- Multi-Sponsored by -- M. of A. BARCLAY, BUTLER, FITZPATRICK, GIGLIO, HAWLEY, JOHNS, McDONOUGH, McKEVITT, OAKS, STEC, THIELE -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to the veteran's alternative exemption 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] SIXTEEN thousand dollars or the product of [twelve] SIXTEEN 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] TEN thousand dollars or the product of [eight] TEN thousand dollars multiplied by the latest state equalization rate EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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