New York 2025-2026 Regular Session

New York Assembly Bill A02369

Introduced
1/16/25  
Refer
1/16/25  

Caption

Provides real property tax relief to veterans who have at least ten years of service in the U.S. armed forces or in the organized militia of the state of New York.

Summary

Bill A02369 aims to amend the real property tax law in New York to provide tax relief to certain veterans, specifically those who have served at least ten years in the U.S. armed forces or the organized militia of New York. The bill allows local governments to adopt laws providing a property tax credit of up to $400 for qualifying residential properties owned by these veterans or their surviving spouses. The intent is to recognize and honor the service of these individuals by easing their financial burden through property tax relief.

Impact

If enacted, this bill would enable counties, cities, towns, and villages in New York to offer a new tax credit specifically for qualifying veterans and their families. This could lead to a significant reduction in property tax liabilities for eligible individuals, potentially influencing local government revenue. The bill also stipulates that those already receiving certain existing exemptions would not be eligible for this new credit, which may affect how local assessors manage tax credits and exemptions.

Sentiment

The sentiment surrounding Bill A02369 appears to be generally positive, as it seeks to provide financial relief to veterans who have served the state and country. However, there may be concerns regarding the fiscal impact on local governments and the administrative burden of implementing the new tax credit.

Contention

Notable points of contention may arise from local governments regarding the financial implications of adopting this tax credit. Some may argue that it could strain local budgets, especially if many veterans qualify for the credit. Additionally, there may be discussions about the fairness of excluding those already receiving other exemptions, which could be seen as inequitable by some stakeholders.

Companion Bills

NY S03504

Same As Provides real property tax relief to veterans who have at least ten years of service in the U.S. armed forces or in the organized militia of the state of New York.

Previously Filed As

NY S02248

Provides real property tax relief to veterans who have at least ten years of service in the U.S. armed forces or in the organized militia of the state of New York.

NY A02758

Provides real property tax relief to veterans who have at least ten years of service in the U.S. armed forces or in the organized militia of the state of New York.

NY S03504

Provides real property tax relief to veterans who have at least ten years of service in the U.S. armed forces or in the organized militia of the state of New York.

NY HB06442

An Act Concerning Various Measures Recognizing And Honoring The Military Service Of Veterans And Members Of The Armed Forces In Connecticut.

NY A08967

Renames the veterans' services law the veterans and military families law; renames the department of veterans' services the department of veterans and military families; requires the department of veterans and military families to provide certain services to military families.

NY A02507

Provides for the issuance of free hunting, fishing and trapping licenses to persons who are active or reserve members of the armed forces or the organized militia, and to honorably discharged veterans thereof who have ten or more years of military service.

NY S08790

Authorizes municipalities to offer a real property tax exemption for combat zone service members who at any time during the taxable year performed active duty in the armed forces in a combat zone; defines terms; makes related provisions.

NY A09489

Authorizes municipalities to offer a real property tax exemption for combat zone service members who at any time during the taxable year performed active duty in the armed forces in a combat zone; defines terms; makes related provisions.

NY S0625

Adds “space force” to the branches of the military included in various sections of general law regarding the veterans home, veterans cemetery and the power of armed forces officers to take acknowledgements.

NY SB895

Real property tax; surviving spouses of members of armed forces who died in line of duty.

Similar Bills

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IN HB1203

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MS SB2271

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IL HB2753

PROP TX-PAYMENTS

LA HB186

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MA H3242

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AZ HB2036

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