Establishes a real property tax exemption for the primary residences of surviving spouses of police officers killed in the line of duty.
Summary
Bill S00683 establishes a real property tax exemption for the primary residences of surviving spouses of police officers who have been killed in the line of duty. The exemption allows for a reduction of up to fifty percent of the assessed valuation of the property, contingent upon local legislative approval. The bill also includes provisions for properties held in trust and outlines the eligibility criteria for cooperative apartment corporations.
Impact
This bill amends the real property tax law in New York State, providing a significant tax relief measure for the surviving spouses of fallen police officers. It allows local governments and school districts to implement this exemption, thereby impacting local tax revenues and potentially providing financial support to families of deceased officers.
Sentiment
The general sentiment surrounding Bill S00683 has been overwhelmingly positive, as evidenced by the unanimous votes in both the Senate and Assembly. The bill has garnered support from various stakeholders, reflecting a collective recognition of the sacrifices made by police officers and the need to support their families.
Contention
There have been no notable points of contention regarding this bill during discussions or votes. The unanimous support in committee and on the floor indicates a consensus on the importance of providing this exemption to surviving spouses of police officers.
Provides that an application for a real property tax exemption for surviving spouses of police officers killed in the line of duty be filed with the assessor on or before the taxable status date.
Provides that an application for a real property tax exemption for surviving spouses of police officers killed in the line of duty be filed with the assessor on or before the taxable status date.
Proposes constitutional amendment to provide property tax exemption for primary residence of surviving spouse of law enforcement officer killed in the line of duty.
Establishes a real property tax exemption of up to fifty percent of the assessed valuation of such real property for surviving spouses of state and county correction officers who died in the line of duty and such property constitutes the primary resident of such surviving spouse.
Establishes a real property tax exemption of up to fifty percent of the assessed valuation of such real property for surviving spouses of state and county correction officers who died in the line of duty and such property constitutes the primary resident of such surviving spouse.