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This local law would establish that the Eligible Funds Exemption for veterans is applicable to school taxation.

  • Enacted

History

Administration
City Charter Rule Adopted
Mayor
Hearing Held by Mayor
City Council
Sent to Mayor by Council
City Council
Pass
Approved by Council
City Council
Referred to Comm by Council
City Council
Introduced by Council
Committee on Finance
Hearing on P-C Item by Comm
Committee on Finance
Pass
P-C Item Approved by Comm
Committee on Finance
Hearing on P-C Item by Comm
Committee on Finance
P-C Item Laid Over by Comm

Preconsidered Int. No. 1763

 

By Council Members Ferreras-Copeland, Matteo, Ulrich, Kallos and Miller

 

A Local Law to amend the administrative code of the city of New York, in relation to the eligible funds 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 11-245.46 to read as follows:

§ 11-245.46  Exemption for veterans; taxes for school purposes exempted. Pursuant to paragraph (3) of subdivision one of section four hundred fifty-eight of the real property tax law, the city hereby provides that the exemption authorized pursuant to such section shall be applicable to taxes for school purposes.

§2. This local law takes effect January 1, 2018.

 

ENB

LS #11799

11/8/17 6:23 PM