A 10559 New York Assembly · 2025 Regular Session

Establishes a property tax exemption for police officers who serve in the state of New York

This bill creates a property tax exemption for police officers living in New York State. It allows local governments to exempt up to 15% of a qualified officer's residential property value from taxes, with a maximum benefit of $12,000 or a calculated amount based on state equalization rates. The exemption applies to property used exclusively for residential purposes and excludes school taxes. Police officers must apply annually using a state-prescribed form, and local governments can repeal the exemption with at least 90 days notice.

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2026

Committee Review

Floor Vote

Governor

Introduced Mar 13, 2026 Last action May 12, 2026

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What changed between versions

A10559 → A10559A · 5 edits

MODERATE

The bill was amended to modernize the definition of a police officer and significantly expand who can receive the property tax exemption. The changes allow the exemption to apply to cooperative apartment tenants, property held in trust for eligible officers, and special assessing units, while also establishing a new process for verifying eligibility.

Scope change

The bill's scope expanded from a limited exemption for specific police officers to include cooperative apartment tenants, trust beneficiaries, and properties in special assessing units.

DEFINITION

The definition of 'police officer' was updated to align with the current definition in the Criminal Procedure Law, ensuring the term reflects current legal standards.

ELIGIBILITY

New provisions allow the tax exemption to apply to real property held in trust solely for the benefit of eligible police officers.

The bill now extends the exemption to tenant-stockholders in cooperative apartment corporations, treating their share of the property as eligible for the tax break.

The exemption was updated to apply to special assessing units by using the latest class ratio instead of the state equalization rate for calculating the maximum benefit.

REQUIREMENT

The Commissioner of Taxation must now create and publish a list of acceptable documents to prove eligibility, making the application process more standardized.

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Full legislative history

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Key actions

Committee

Amendments

May 12, 2026

Committee

REPORTED REFERRED TO WAYS AND MEANS

lower

May 8, 2026

Lower · Passed

PRINT NUMBER 10559A

lower

May 8, 2026

Lower · Passed

AMEND AND RECOMMIT TO REAL PROPERTY TAXATION

lower

Mar 13, 2026

Committee

REFERRED TO REAL PROPERTY TAXATION

lower

1 primary · 0 co-sponsors