Prohibits the increase in real property tax liability of veterans receiving an exemption due to reassessment or revaluation.
TITLE OF BILL: An act to amend the real property tax law, in relation to prohibiting the increase in real property tax liability of veterans receiving an exemption
PURPOSE: To ensure that Veterans who qualify for certain exemptions from property tax, do not see unreasonable increases in their tax liability in recognition of their service to our nation.
SUMMARY OF PROVISIONS: Section 458 of the real property tax law is amended to add a new subdivision 5-a, to ensure that the tax liability of a veteran who qualifies for a property tax exemption, shall be frozen at its current level.
STATEMENT IN SUPPORT: This bill would provide a well deserved benefit to Veterans who currently qualify for a property tax exemption. The purpose of this legislation is to essentially freeze a qualified veterans tax liability at its current level. The bill will serve not only as a well deserved benefit to our heroic veterans, but also as a tool to increase recruitment at a time when our military is engaged in several conflicts around the globe.
LEGISLATIVE HISTORY: S5100 of 2011-12; Referred to Veterans, Homeland Security & Military Affairs
FISCAL IMPACT: None to the State
EFFECTIVE DATE: Immediately.
STATE OF NEW YORK ________________________________________________________________________ 1098 2013-2014 Regular Sessions IN SENATE (PREFILED) January 9, 2013 ___________Introduced by Sen. MAZIARZ -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Securi- ty and Military Affairs AN ACT to amend the real property tax law, in relation to prohibiting the increase in real property tax liability of veterans receiving an exemption THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 458 of the real property tax law is amended by adding a new subdivision 5-a to read as follows: 5-A. NOTWITHSTANDING ANY GENERAL OR LOCAL LAW, RULE OR REGULATION TO THE CONTRARY, NO MUNICIPAL CORPORATION SHALL INCREASE THE REAL PROPERTY TAX LIABILITY OF ANY PARCEL OF REAL PROPERTY WHICH HAS BEEN GRANTED AN EXEMPTION UNDER THIS SECTION, AS A RESULT OF A REVALUATION, REASSESSMENT OR UPDATE, AS DEFINED PURSUANT TO SUBDIVISION TWELVE-A OF SECTION ONE HUNDRED TWO OF THIS CHAPTER, ABOVE THE REAL PROPERTY TAX LIABILITY OF SUCH PARCEL ESTABLISHED BY THE ASSESSMENT ROLL PREPARED ON THE BASIS OF THE TAXABLE STATUS DATE OCCURRING IMMEDIATELY PRIOR TO SUCH REVALUATION, REASSESSMENT OR UPDATE. NO PROVISION OF THIS SECTION SHALL BE CONSTRUED TO LIMIT OR PROHIBIT ANY MUNICIPAL CORPORATION, AS DEFINED PURSUANT TO SUBDIVISION TEN OF SECTION ONE HUNDRED TWO OF THIS CHAPTER, FROM INCREASING THE RATE OF REAL PROPERTY TAXES ASSESSED ON REAL PROPERTY LOCATED WITHIN ITS JURISDICTION AS IS OTHERWISE AUTHORIZED AND PROVIDED BY LAW. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02268-01-3