A 74 New York Assembly · 2025 Regular Session

Establishes a real property tax exemption for veterans with a 100 percent service connected disability

This bill creates a property tax exemption for the primary residence of New York veterans with a 100% service-connected disability. To qualify, veterans must have an honorable discharge, a VA/DoD rating of 100% disability due to military service, or be rated individually unemployable due to service-related conditions. The exemption covers all real property taxes, special district charges, and assessments on their primary home. The law takes effect for tax assessments starting January 2, 2026.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2025 Last action Jun 17, 2025

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What changed between versions

A74 → A74A · 4 edits

MODERATE

The bill was amended to expand eligibility for a real property tax exemption for veterans. The original version required veterans to meet multiple specific disability criteria, but the amended version simplifies the requirements and adds an alternative pathway for eligibility.

Scope change

The bill's scope was expanded to include veterans who are rated one hundred percent disabled by the Department of Defense, not just the Department of Veterans Affairs, and to include those who are individually unemployable.

ELIGIBILITY

Removed the requirement that veterans must be 'seriously disabled' and simplified the disability criteria to focus on 100% service-connected disability ratings from either the Department of Veterans Affairs or the Department of Defense.

Added a new eligibility pathway for veterans who have been rated as 'individually unemployable' by the Department of Veterans Affairs, even if they do not meet the 100% disability rating requirement.

Removed the requirement that veterans must have applied for and received pecuniary assistance from the federal government to qualify for the tax exemption.

REQUIREMENT

Restructured the bill's language to separate the general eligibility criteria from the exemption provision, making the requirements clearer and more accessible.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 10, 2025

Introduced

AMEND BY RESTORING TO ORIGINAL PRINT 74

lower

May 27, 2025

Committee

REPORTED REFERRED TO RULES

lower

May 15, 2025

Lower · Passed

PRINT NUMBER 74A

lower

May 15, 2025

Lower · Passed

AMEND AND RECOMMIT TO WAYS AND MEANS

lower

Feb 25, 2025

Committee

REPORTED REFERRED TO WAYS AND MEANS

lower

Jan 8, 2025

Committee

REFERRED TO REAL PROPERTY TAXATION

lower

1 primary · 36 co-sponsors