BILL NUMBER: S7250
SPONSOR: LANZA
 
TITLE OF BILL:
An act to amend the real property tax law, in relation to real property
tax exemptions for combat veterans
 
PURPOSE:
Increases the amount combat veterans shall be exempt from real property
taxation from 10% to 35%.
 
SUMMARY OF PROVISIONS:
Section one amends paragraph (b) of subdivision 2 of section 458-a of
the real property tax law.
Section two is the effective date.
 
JUSTIFICATION:
Veterans who served in a combat zone protecting the United States of
America should see an increase in their property tax exemption. Mili-
tary personnel serving in combat zones are fighting to protect our
nations freedoms by putting their lives on the line every day. To show
New York's appreciation, this legislation would exempt up to
351(currently 101) of the assessed value on their real property for
combat zone soldiers. This measure would greatly benefit these brave
individuals who have served foreign land combat zones for extended peri-
ods of time away from their families. New York State residents who are
in the military and serve our country bravely, sacrifice their lives so
we may enjoy peace and prosperity as a nation and a state. They deserve
our respect and this bill shows our gratitude for their sacrifice as
they protect our country and our freedoms.
 
LEGISLATIVE HISTORY:
2024: S.6236 - Referred to Veterans
2023: S.6236 - Referred to Veterans
2022: S.4302 - Referred to Veterans
2021: S.4302 - Referred to Veterans
2020: S.393 - Referred to Veterans
2019: S.393 - Referred to Veterans
2018: S.3540 - Referred to Veterans/ A.6674-A- Referred to Veterans
2017: S.3540 - Referred to Veterans/ A.6674 -Referred to Veterans
2016: S.3836 - Referred to Veterans/ A.2945 -Referred to Veterans
2015: S.3836 - Referred to Veterans/ A.2945 -Reported to Veterans
2014: S.2473 - Reported to Veterans/ A.3878 -Referred to Veterans
2013: S.5290 - Referred to Finance/ A.3878 -Referred to Veterans
2012: S.5290 - Referred to Finance/ A.5277 -Referred to Veterans
2011: S.5290 - Referred to Finance/ A.5277 -Referred to Veterans
2010: S.3005 - Referred to Veterans/ A.8367 -Referred to Veterans
2009: S.3005 - Referred to Veterans/ A.8367 -Referred to Veterans
2008: S.8769 - Referred to Veterans
 
FISCAL IMPLICATIONS:
The Department of. Taxation and Finance estimate that this bill would
result in a shifting of property taxes, from properties receiving the
increased exemption to other properties, of approximately $290 million
per year.
 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to assessment
rolls prepared on and after January 1, 2026.

Statutes affected:
S7250: 458-a real property tax law, 458-a(2) real property tax law