Provides real property tax relief to veterans with at least ten years of service in the U.S. armed forces or New York militia.
The bill amends the real property tax law to allow counties, cities, towns, or villages to offer a tax credit of up to $400 for qualifying residential real property. This credit is for veterans who have served at least ten years in the U.S. armed forces or New York militia, provided they are in good standing or were honorably discharged. The credit applies to county, city, town, and special district taxes. The commissioner of taxation and finance must develop a uniform application for local assessors and publish related materials on its website.
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- Overview
- Core Provisions
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- Legal Framework
- Critical Issues
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