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Property Tax Exemption for Cold War Veterans Can Continue
Jim Ranney
September 15, 2017
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ISSUE:
- Taxes
- Cold War Veterans
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Senator Patrick M. Gallivan (R-C-I, Elma) announces legislation to provide for the continuation of the real property tax exemption for Cold War Veterans has been signed into law. The bill (S5659A) was sponsored by Senator Gallivan and approved by the Senate and Assembly in June. It gives local governments and school districts the option to continue to provide a real tax exemption beyond the original ten-year limitation.
“This legislation recognizes the commitment and sacrifice made by the men and women who served in the United States military during the Cold War,” Gallivan said. “By continuing this program, we express our deep appreciation for their brave service to our country.”
Cold War Veterans served in the Armed Forces from September 2, 1945 to December 26, 1991. Many of them served during times of peace.
The legislation amends the state’s real property tax law and was signed by Governor Cuomo on September 12, 2017.
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