Extends real property partial tax exemptions for qualified veterans to include taxes for school purposes.
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.
STATE OF NEW YORK ________________________________________________________________________ 1995 2011-2012 Regular Sessions IN 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