The Alternative Exemption for Veterans is a real property tax exemption available to veterans for their primary residences. It provides for a reduction in assessed value to veterans who served during a time of war, with additional reductions available to veterans who served in combat zones and disabled veterans. Currently, in New York City, the exemption is not applicable to the portion of real property taxes that are paid for school taxation and this legislation would extend the exemption to include those taxes.
- Steven Matteo
- Deborah L. Rose
- Julissa Ferreras-Copeland
- Joseph C. Borelli
- Eric A. Ulrich
- James Vacca
- Corey D. Johnson
- Paul A. Vallone
- Mark Levine
- Andrew Cohen
- Donovan J. Richards
- Rory I. Lancman
- Barry S. Grodenchik
- Alan N. Maisel
- Vincent J. Gentile
- Karen Koslowitz
- Rafael Salamanca, Jr.
- Vanessa L. Gibson
- Fernando Cabrera
- David G. Greenfield
- Mark Treyger
- Jumaane D. Williams
- James G. Van Bramer
- Robert E. Cornegy, Jr.
- Antonio Reynoso
- Rafael L. Espinal, Jr.
- Margaret S. Chin
- Stephen T. Levin
- Daniel R. Garodnick
- Chaim M. Deutsch
- Ben Kallos
- Enacted
History
Affirmative
- Inez D. Barron
- Joseph C. Borelli
- James G. Van Bramer
- Fernando Cabrera
- Margaret S. Chin
- Andrew Cohen
- Costa G. Constantinides
- Robert E. Cornegy, Jr.
- Elizabeth S. Crowley
- Laurie A. Cumbo
- Chaim M. Deutsch
- Daniel Dromm
- Rafael L. Espinal, Jr.
- Mathieu Eugene
- Daniel R. Garodnick
- Vincent J. Gentile
- Vanessa L. Gibson
- David G. Greenfield
- Barry S. Grodenchik
- Corey D. Johnson
- Ben Kallos
- Andy L. King
- Peter A. Koo
- Karen Koslowitz
- Rory I. Lancman
- Brad S. Lander
- Stephen T. Levin
- Alan N. Maisel
- Melissa Mark-Viverito
- Steven Matteo
- Darlene Mealy
- Carlos Menchaca
- Rosie Mendez
- I. Daneek Miller
- Annabel Palma
- Bill Perkins
- Antonio Reynoso
- Donovan J. Richards
- Ydanis A. Rodriguez
- Deborah L. Rose
- Helen K. Rosenthal
- Rafael Salamanca, Jr.
- Ritchie J. Torres
- Mark Treyger
- Eric A. Ulrich
- James Vacca
- Paul A. Vallone
- Jumaane D. Williams
- Ruben Wills
Int. No. 1304-B
By Council Members Matteo, Rose, Ferreras-Copeland, Borelli, Ulrich, Vacca, Johnson, Vallone, Levine, Cohen, Richards, Lancman, Grodenchik, Maisel, Gentile, Koslowitz, Salamanca, Gibson, Cabrera, Greenfield, Treyger, Williams, Van Bramer, Cornegy, Reynoso, Espinal, Chin, Levin, Garodnick, Deutsch and Kallos
A Local Law to amend the administrative code of the city of New York, in relation to the alternative exemption for veterans
Be it enacted by the Council as follows:
Section 1. Part 1 of subchapter 2 of chapter 2 of title 11 of the administrative code of the city of New York is amended by adding a new section 11-245.75 to read as follows:
§ 11-245.75 Alternative exemption for veterans; school district taxation exempted.
Pursuant to subparagraph (i) of paragraph (d) of subdivision two of section four hundred fifty-eight-a of the real property tax law, the city hereby provides that the exemptions allowable in paragraphs (a), (b) and (c) of subdivision two of section four hundred fifty-eight-a of the real property tax law shall be applicable to school district taxation.
§ 2. This local law takes effect July 1, 2017, except that if it becomes law subsequent to such date, this local law is retroactive to and deemed to have been in full force and effect as of July 1, 2017, and shall expire and be deemed repealed on June 30, 2022.
RC/ENB
LS #467, 8842, 9126
6/12/17 11:38 AM