Extends real property partial tax exemptions for qualified veterans to include taxes for school purposes.

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S1995-2011 Actions

• Jan 4, 2012: REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS
• Feb 16, 2011: REPORTED AND COMMITTED TO FINANCE
• Jan 14, 2011: REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS

S1995-2011 Meetings

Veterans, Homeland Security and Military Affairs: Feb 15, 2011

S1995-2011 Votes

S1995-2011 Memo

BILL NUMBER:S1995

TITLE OF BILL:
An act
to amend the real property tax law, in relation to partial property tax
exemptions of school taxes for qualified veterans

PURPOSE:
To extend real property partial tax
exemptions for qualified
veterans to include taxes for school purposes.

SUMMARY OF PROVISIONS:
Amends �458 and 458-a of the real property tax law.

JUSTIFICATION:
Currently, New York State law provides a partial
property tax exemption for all qualified veterans. This exemption,
however does not apply to school taxes, which means that any break
these veterans' receive from their property tax must then be applied
toward the school tax, for which they receive no credit.
Considering the sacrifice these men and women have made for our
country, it seems only fitting that they are afforded this small
benefit.

LEGISLATIVE HISTORY:
2007-08: S.3002 - Referred to Veterans, HomelandSecurity
& Military Affairs
2009-10: S.2195 - Referred to Veterans, Homeland Security
& Military Affairs

FISCAL IMPLICATIONS:
To be determined.

EFFECTIVE DATE:
January 1st, next succeeding the date on which it
shall have become law.

S1995-2011 Text

                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

                                    1995

                         2011-2012 Regular Sessions

                              I N  SENATE

                              January 14, 2011
                                 ___________

  Introduced by Sens. GOLDEN, DeFRANCISCO, MAZIARZ, RANZENHOFER, ZELDIN --
    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 partial  prop-
    erty tax exemptions of school taxes for qualified veterans

    THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
  BLY, DO ENACT AS FOLLOWS:


    Section 1. Subparagraph (i) of  paragraph  (d)  of  subdivision  2  of
  section  458-a  of the real property tax law, as added by chapter 525 of
  the laws of 1984, is amended to read as follows:

    (i) The exemption from taxation provided by this subdivision shall  be
  applicable to county, city, town and village taxation, [but shall not be
  applicable to] AND taxes levied for school purposes.
    S  2. Paragraph 3 of subdivision 1 of section 458 of the real property
  tax law, as amended by chapter 733 of the laws of 1959,  is  amended  to
  read as follows:

    (3)  If  the assessors are satisfied that the applicant is entitled to
  any exemption, they shall make appropriate entries upon the  assessment-
  roll  opposite  the  description of such property and subtract the total
  amount of such exemption from the total amount assessed pursuant to  the
  provisions  of  paragraph one of this subdivision. Such entries shall be
  made and continued in each assessment of the property so long as  it  is
  exempt  from taxation for any purpose. Such real property, to the extent
  of the exemption entered by the assessors, shall be exempt  from  state,
  county  and general municipal taxation, [but shall be taxable] AND TAXA-
  TION for local school purposes. The provisions herein, relating  to  the
  assessment and exemption of property purchased with eligible funds apply
  and  shall  be enforced in each municipal corporation authorized to levy
  taxes.
    S 3. This act shall take effect on the first of January next  succeed-
  ing  the date on which it shall have become a law and shall apply to all
  assessment rolls completed on and after such date.

   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD03517-01-1