Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 13, 2025 |
referred to veterans, homeland security and military affairs |
Senate Bill S1788
2025-2026 Legislative Session
Sponsored By
(D, WF) 41st Senate District
Current 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
co-Sponsors
(R) 43rd Senate District
(R, C, IP) 45th Senate District
(R, C) 44th Senate District
2025-S1788 (ACTIVE) - Details
- Current Committee:
- Senate Veterans, Homeland Security And Military Affairs
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §458-a, RPT L
- Versions Introduced in 2023-2024 Legislative Session:
-
S9050
2025-S1788 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1788 SPONSOR: HINCHEY TITLE OF BILL: An act to amend the real property tax law, in relation to real property tax exemptions for veterans PURPOSE: To provide a real property tax exemption to veterans who have served on submarines or on classified missions during a period of war. SUMMARY OF PROVISIONS: Section 1 provides for a 10 percent property tax abatement for veterans who have served on classified missions or on a submarine during a period of war. Section 2 is the effective date.
2025-S1788 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1788 2025-2026 Regular Sessions I N S E N A T E January 13, 2025 ___________ Introduced by Sens. HINCHEY, ASHBY, STEC, TEDISCO -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Security and Military Affairs AN ACT to amend the real property tax law, in relation to real property tax exemptions for veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 2 of section 458-a of the real property tax law, as amended by chapter 473 of the laws of 2004, is amended to read as follows: (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, OR WHERE THE VETERAN SERVED ON A SUBMA- RINE OR ON CLASSIFIED MISSIONS DURING A PERIOD OF WAR AS DOCUMENTED BY MILITARY SERVICE RECORDS, 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. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05448-01-5
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