New York S 7084: Provides for the application of the veterans' real property tax exemptions in the city of New York

Bill Text

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S07084 Summary:

BILL NOS07084 

&nbsp

SAME ASSAME AS A04110

&nbsp

SPONSORLANZA

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§458 & 458-a, RPT L

&nbsp

Provides for the application of veterans' real property tax exemptions in cities having a population of one million or more.

Go to top S07084 Actions:

BILL NOS07084 

&nbsp

04/01/2025REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS

01/07/2026REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS

Go to topS07084 Committee&nbspVotes:

Go to topS07084 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS07084 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7084

 2025-2026 Regular Sessions

 IN SENATE

 April 1, 2025
 ___________

 Introduced by Sen. LANZA -- 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 real property
 tax exemptions for property in cities having a population of one
 million or more and owned by certain veterans or their family members

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Paragraph 2 of subdivision 1 of section 458 of the real
 2 property tax law, as amended by chapter 425 of the laws of 2014, is
 3 amended to read as follows:
 4 (2) Except as provided in subdivision five of this section, no such
 5 exemption on account of eligible funds paid on account of military or
 6 naval services rendered by an individual shall be allowed in excess of
 7 seven thousand five hundred dollars; provided, however, in a city with a
 8 population of one million or more, an exemption on account of eligible
 9 funds paid on account of military or naval services rendered by an indi-
 10 vidual shall equal forty percent of eligible funds, but in no case shall
 11 such exemption be allowed in excess of two thousand dollars. For the
 12 purposes of this subdivision any established exemption, or newly claimed
 13 exemption, or an aggregate thereof, as the case may be, in excess of any
 14 multiple of fifty dollars shall be regarded as being the nearest multi-
 15 ple of fifty dollars and allowed in such amount. If the amount of such
 16 exemption has no nearest multiple of fifty dollars, it shall be regarded
 17 as being the next higher multiple of fifty dollars and allowed in such
 18 amount. The mingling of such eligible funds with other funds or their
 19 retention by the United States for insurance premiums shall not bar the
 20 granting of a claim for such exemption.
 21 § 2. Subdivision 2 of section 458 of the real property tax law, as
 22 amended by section 82 of part PP of chapter 56 of the laws of 2022, is
 23 amended to read as follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03655-01-5

 S. 7084 2

 1 2. Real property purchased with moneys collected by popular
 2 subscription in partial recognition of extraordinary services rendered
 3 by any veteran of world war one, world war two, or of the hostilities
 4 which commenced June twenty-seventh, nineteen hundred fifty, who (a) was
 5 honorably discharged from such service, or (b) has a qualifying condi-
 6 tion, as defined in section one of the veterans' services law, and has
 7 received a discharge other than bad conduct or dishonorable from such
 8 service, or (c) is a discharged LGBT veteran, as defined in section one
 9 of the veterans' services law, and has received a discharge other than
 10 bad conduct or dishonorable from such service, and who sustained perma-
 11 nent disability while on military duty, either total or partial, and
 12 owned by the person who sustained such injuries, or by [his or her]
 13 their spouse or unremarried surviving spouse, or dependent father or
 14 mother, is subject to taxation as herein provided. Such property shall
 15 be assessed in the same manner as other real property in the tax
 16 district. At the meeting of the assessors to hear complaints concerning
 17 the assessments, a verified application for the exemption of such real
 18 property from taxation may be presented to them by or on behalf of the