This bill allows New York municipalities to choose whether to offer a 5% property tax exemption on qualifying residential properties owned by active or retired National Guard members and military reservists. To qualify, the property must be the owner’s primary residence (with exceptions for medical reasons), and the applicant must submit an annual application with a U.S. Department of Defense "twenty-year favorable service letter." The exemption applies only to the residential portion of the property and cannot be stacked with existing military tax benefits. Municipalities must adopt local ordinances to implement this option, which takes effect immediately.
Enacts the "homebuyer renovation property tax exemption act" to grant an exemption of up to fifteen thousand dollars from taxation levied by or on behalf of any county, city, town, village or school district in which such residential property is located for a period of five years from the date of purchase of the property; defines "primary residential property".
This bill removes population restrictions that previously limited eligibility for a property tax relief program to municipalities in specific counties. Currently, the program only applied to counties with populations between 65,390-65,400 or 98,900-99,000 (based on the 2010 census). The bill would allow any municipality in New York to join the program regardless of its county's population size. This change directly expands access to the residential-commercial exemption program for all local governments.
Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.
Includes not-for-profit corporations and public television or radio corporations in the definition of business entity; allows such entities to claim the newspaper and broadcast media jobs tax credit.
Establishes an abatement and exemption from real property taxes for capital improvements to reduce carbon emissions in cities with a population of one million or more.
This bill modifies New York's enhanced STAR property tax exemption by adding distributions from thrift savings plans (established before 1984) to the list of income types excluded from the eligibility calculation. It affects homeowners applying for the enhanced STAR exemption, who must now exclude these distributions when determining their income for tax purposes. The bill also requires applicants who didn’t file tax returns to submit a detailed statement to the state department outlining their unreported income sources and amounts. These changes apply to exemption applications for tax years beginning in 2019 and later.
Creates the "disaster preparedness and emergency planning act"; authorizes a local sales tax exemption for emergency preparedness supplies; requires the division of homeland security and emergency services, in conjunction with the department of taxation and finance, to establish, promote and publish on the web a list of eligible items; requires the division of homeland security and emergency services to create public service announcements regarding such exemption and make available to municipalities for promotion purposes.
This bill would allow local governments (counties, cities, towns, villages, or school districts) to create a property tax exemption for the primary residence of veterans with a 100% service-connected disability. To qualify, veterans must have an honorable discharge, a 100% disability rating from the U.S. Department of Veterans Affairs, and be permanently and totally disabled due to military service. The exemption covers all real property taxes, special district charges, and assessments on their primary home. This policy change directly affects veterans meeting these specific criteria, providing them with tax relief on their main residence starting with 2026 assessment rolls.
Establishes a real property tax exemption for persons sixty years of age or over with an annual household income not exceeding $100,000; directs the state to reimburse municipalities for lost revenues.
