Expands the Gold Star exemption to include the War on Terror and service-connected disability deaths.
New York's real property tax law is amended to expand the Gold Star exemption. This exemption now includes the War on Terror as a qualifying period of war. Additionally, it allows for the exemption where the Gold Star Parent's child has died in the United States from a service-connected disability. This act takes effect immediately and applies to taxable years beginning on or after January 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.