S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   74--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 4, 2023
                                ___________
 
 Introduced  by M. of A. SAYEGH, THIELE, TAGUE, LEMONDES, DURSO, HYNDMAN,
   JACKSON, SILLITTI -- read once and referred to the Committee  on  Real
   Property  Taxation  --  committee  discharged,  bill  amended, ordered
   reprinted as amended and recommitted to said committee

 AN ACT to amend the real property tax law, in relation  to  granting  an
   additional tax exemption for two qualified veterans living in the same
   household
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs (a) and (b) 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 and paragraph (b) as amended by chapter 473 of the laws
 of 2004, are amended to read as follows:
   (a)  (I)  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.
   (II) IN ADDITION TO THE EXEMPTION PROVIDED BY SUBPARAGRAPH (I) OF THIS
 PARAGRAPH,  WHERE  MORE THAN ONE VETERAN, QUALIFYING UNDER THIS SECTION,
 LIVES IN  THE SAME HOUSEHOLD, QUALIFYING RESIDENTIAL REAL PROPERTY  ALSO
 MAY  BE  EXEMPT  FROM TAXATION TO THE EXTENT OF UP TO SEVEN AND ONE-HALF
 PERCENT OF THE ASSESSED VALUE OF SUCH PROPERTY; PROVIDED, HOWEVER,  THAT
 SUCH  ADDITIONAL  EXEMPTION SHALL NOT EXCEED SIX THOUSAND DOLLARS OR THE
 PRODUCT OF SIX THOUSAND DOLLARS MULTIPLIED BY THE LATEST STATE EQUALIZA-
 TION RATE FOR THE ASSESSING UNIT, OR IN THE CASE OF A SPECIAL  ASSESSING
 UNIT,  THE  LATEST  CLASS  RATIO,  WHICHEVER  IS LESS, PROVIDED THAT THE
 GOVERNING BODY OF A CITY, VILLAGE, TOWN, SCHOOL DISTRICT, FIRE  DISTRICT
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD01774-02-3
 A. 74--A                            2
 
 OR  COUNTY, AFTER   A PUBLIC  HEARING, ADOPTS  A LOCAL LAW, ORDINANCE OR
 RESOLUTION PROVIDING THEREFORE.  THE GOVERNING BODY  OF  THE  APPLICABLE
 CITY,  VILLAGE,  TOWN,  SCHOOL  DISTRICT,  FIRE DISTRICT OR COUNTY SHALL
 DETERMINE  THE PERCENTAGE OF EXEMPTION PROVIDED FOR IN THIS SUBPARAGRAPH
 WITHIN SUCH LOCAL LAW, ORDINANCE,  OR  RESOLUTION,  PROVIDED  THAT  SUCH
 EXEMPTION  SHALL  NOT  EXCEED SIX THOUSAND DOLLARS OR THE PRODUCT OF SIX
 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) (I) 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 thousand
 dollars multiplied by the latest state equalization rate for the assess-
 ing  unit,  or in the case of a special assessing unit, the class ratio,
 whichever is less.
   (II) IN ADDITION TO THE EXEMPTION PROVIDED BY PARAGRAPH  (A)  OF  THIS
 SUBDIVISION AND THE EXEMPTION PROVIDED BY SUBPARAGRAPH (I) OF THIS PARA-
 GRAPH,  WHERE  MORE  THAN  ONE VETERAN, QUALIFYING UNDER THIS PARAGRAPH,
 LIVES IN THE SAME HOUSEHOLD, QUALIFYING RESIDENTIAL REAL  PROPERTY  ALSO
 MAY  BE  EXEMPT FROM TAXATION TO THE EXTENT OF UP TO FIVE PERCENT OF THE
 ASSESSED VALUE OF SUCH PROPERTY; PROVIDED, HOWEVER, THAT SUCH ADDITIONAL
 EXEMPTION SHALL NOT EXCEED FOUR THOUSAND DOLLARS OR THE PRODUCT OF  FOUR
 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 PROVIDED THAT THE GOVERNING BODY
 OF A CITY, VILLAGE, TOWN, SCHOOL  DISTRICT,  FIRE  DISTRICT  OR  COUNTY,
 AFTER   A PUBLIC  HEARING,  ADOPTS  A LOCAL LAW, ORDINANCE OR RESOLUTION
 PROVIDING THEREFORE.    THE  GOVERNING  BODY  OF  THE  APPLICABLE  CITY,
 VILLAGE,  TOWN, SCHOOL DISTRICT, FIRE DISTRICT OR COUNTY SHALL DETERMINE
 THE PERCENTAGE OF EXEMPTION PROVIDED FOR  IN  THIS  SUBPARAGRAPH  WITHIN
 SUCH  LOCAL  LAW, ORDINANCE, OR RESOLUTION, PROVIDED THAT SUCH EXEMPTION
 SHALL NOT EXCEED FOUR THOUSAND DOLLARS OR THE PRODUCT OF  FOUR  THOUSAND
 DOLLARS MULTIPLIED BY THE LATEST STATE EQUALIZATION RATE FOR THE ASSESS-
 ING  UNIT, OR IN THE CASE OF A SPECIAL  ASSESSING UNIT, THE LATEST CLASS
 RATIO, WHICHEVER IS LESS.
   § 2. This act shall take effect on the first of January next  succeed-
 ing the date on which it shall have become a law.