New York A04708 authorizes a real property tax exemption for eligible reservists if local law is adopted.

A04708 amends the real property tax law to allow an exemption for eligible reservists, defined as members of a reserve component of the U.S. armed forces ordered to active duty by the president. The exemption applies to the reservist's primary residence, provided the property is used exclusively for residential purposes. The exemption is contingent on the reservist retaining active duty status for at least 90 consecutive days. The exemption is available only if the local governing body adopts a local law, ordinance, or resolution after a public hearing.

New York A04708 authorizes a real property tax exemption for eligible reservists if local law is adopted.

A04708 amends the real property tax law to allow an exemption for eligible reservists, defined as members of a reserve component of the U.S. armed forces ordered to active duty by the president. The exemption applies to the reservist's primary residence, provided the property is used exclusively for residential purposes. The exemption is contingent on the reservist retaining active duty status for at least 90 consecutive days. The exemption is available only if the local governing body adopts a local law, ordinance, or resolution after a public hearing.