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Tuesday, June 3, 2014

Councilman Eric Ulrich advises Senate Passes Property Tax Exemption Bill for Disabled Veterans

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S4136A, sponsored by , passed 59-0 (unofficial). Relates to property tax exemptions for disabled vets.


VOTE: COMMITTEE VOTE: - Veterans, Homeland Security and Military Affairs - May 28, 2014
Ayes (12): BallCarlucciFlanaganGoldenGriffoGrisantiLarkinZeldinAddabboSandersTkaczykLatimer  Ayes W/R (1): Gipson 
BILL NUMBER:S4136A
TITLE OF BILL:  An act to amend the real property tax law, in relation to real property tax exemptions for certain disabled veterans

PURPOSE:

Relates to real property tax exemptions for disabled veterans.

SUMMARY OF SPECIFIC PROVISIONS:

Section one amends subdivision two of section 458-a of the real property tax law by adding a new paragraph (e).

Section two is the effective date.

JUSTIFICATION:

This bill would provide real property tax exemptions for one hundred Percent disabled veterans (or the unmarried surviving spouse of such veteran) who served in a combat theatre or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, armed forces expeditionary medal, navy expeditionary medal, marine corps expeditionary medal, or global war on terrorism expeditionary medal. The veteran must be one hundred percent disabled as a result of military service, and shall be one hundred percent exempt from real property taxation. This would reward these American heroes who are now disabled with a tax break, a much deserved exemption for these men and women who have sacrificed their health and wellbeing for the safety of our country.

LEGISLATIVE HISTORY:

2013: referred to Veterans' Affairs/ A1317 referred to Veterans' Affairs 2012: S.6456 - Reported to Finance / A.9957 - Referred to Veterans Affairs

FISCAL IMPLICATIONS:

Undetermined.

EFFECTIVE DATE:

This act shall take effect immediately and shall apply to assessment rolls prepared on and after January 1, 2014.

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