Expands the assessment exemption for living quarters for parent or grandparent to include living quarters constructed or reconstructed before the.
This bill amends the real property tax law to expand the applicability of the assessment exemption for living quarters for parent or grandparent. It includes living quarters constructed or reconstructed before the effective date of the section providing such exemption. The exemption applies during taxable years when at least one parent or grandparent maintains a primary place of residence in such living quarters.
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