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S T A T E O F N E W Y O R K
________________________________________________________________________
1788
2025-2026 Regular Sessions
I N S E N A T E
January 13, 2025
___________
Introduced by Sens. HINCHEY, ASHBY, STEC, TEDISCO -- 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 real property
tax exemptions for veterans
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Paragraph (b) of subdivision 2 of section 458-a of the real
2 property tax law, as amended by chapter 473 of the laws of 2004, is
3 amended to read as follows:
4 (b) In addition to the exemption provided by paragraph (a) of this
5 subdivision, where the veteran served in a combat theatre or combat zone
6 of operations, as documented by the award of a United States campaign
7 ribbon or service medal, or the armed forces expeditionary medal, navy
8 expeditionary medal, marine corps expeditionary medal, or global war on
9 terrorism expeditionary medal, OR WHERE THE VETERAN SERVED ON A SUBMA-
10 RINE OR ON CLASSIFIED MISSIONS DURING A PERIOD OF WAR AS DOCUMENTED BY
11 MILITARY SERVICE RECORDS, qualifying residential real property also
12 shall be exempt from taxation to the extent of ten percent of the
13 assessed value of such property; provided, however, that such exemption
14 shall not exceed eight thousand dollars or the product of eight thousand
15 dollars multiplied by the latest state equalization rate for the assess-
16 ing unit, or in the case of a special assessing unit, the class ratio,
17 whichever is less.
18 § 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05448-01-5