File #: Int 1304-2016    Version: Name: Alternative exemption for veterans.
Type: Introduction Status: Enacted (Mayor's Desk for Signature)
Committee: Committee on Finance
On agenda: 10/13/2016
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to the alternative exemption for veterans
Sponsors: Steven Matteo, Deborah L. Rose, Julissa Ferreras-Copeland, Joseph C. Borelli, Eric A. Ulrich, James Vacca, Corey D. Johnson, Paul A. Vallone, Mark Levine, Andrew Cohen, Donovan J. Richards, Rory I. Lancman, Barry S. Grodenchik, Alan N. Maisel, Vincent J. Gentile, Karen Koslowitz, Rafael Salamanca, Jr., Vanessa L. Gibson, Fernando Cabrera , David G. Greenfield, Mark Treyger, Jumaane D. Williams, James G. Van Bramer, Robert E. Cornegy, Jr., Antonio Reynoso, Rafael L. Espinal, Jr., Margaret S. Chin, Stephen T. Levin, Daniel R. Garodnick, Chaim M. Deutsch, Ben Kallos
Council Member Sponsors: 31
Summary: The Alternative Exemption for Veterans is a real property tax exemption available to veterans for their primary residences. It provides for a reduction in assessed value to veterans who served during a time of war, with additional reductions available to veterans who served in combat zones and disabled veterans. Currently, in New York City, the exemption is not applicable to the portion of real property taxes that are paid for school taxation and this legislation would extend the exemption to include those taxes.
Attachments: 1. Summary of Int. No. 1304-A, 2. Summary of Int. No. 1304, 3. Int. No. 1304, 4. October 13, 2016 - Stated Meeting Agenda with Links to Files, 5. Committee Report 12/8/16, 6. Hearing Testimony 12/8/16, 7. Hearing Transcript 12/8/16, 8. Proposed Int. No. 1304-A - 5/11/17, 9. Proposed Int. No. 1304-B - 6/22/17, 10. Committee Report 6/21/17, 11. Committee Report - Stated Meeting, 12. June 21, 2017 - Stated Meeting Agenda with Links to Files, 13. Fiscal Impact Statement
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/21/2017BSteven Matteo City Council Sent to Mayor by Council  Action details Meeting details Not available
6/21/2017BSteven Matteo City Council Approved by CouncilPass Action details Meeting details Not available
6/21/2017*Steven Matteo Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
6/21/2017*Steven Matteo Committee on Finance Amended by Committee  Action details Meeting details Not available
6/21/2017*Steven Matteo Committee on Finance Amendment Proposed by Comm  Action details Meeting details Not available
6/21/2017BSteven Matteo Committee on Finance Approved by CommitteePass Action details Meeting details Not available
12/8/2016*Steven Matteo Committee on Veterans Laid Over by Committee  Action details Meeting details Not available
12/8/2016*Steven Matteo Committee on Veterans Amendment Proposed by Comm  Action details Meeting details Not available
12/8/2016*Steven Matteo Committee on Veterans Hearing Held by Committee  Action details Meeting details Not available
12/8/2016*Steven Matteo Committee on Finance Laid Over by Committee  Action details Meeting details Not available
12/8/2016*Steven Matteo Committee on Finance Amendment Proposed by Comm  Action details Meeting details Not available
12/8/2016*Steven Matteo Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
10/13/2016*Steven Matteo City Council Referred to Comm by Council  Action details Meeting details Not available
10/13/2016*Steven Matteo City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1304-B

 

By Council Members Matteo, Rose, Ferreras-Copeland, Borelli, Ulrich, Vacca, Johnson, Vallone, Levine, Cohen, Richards, Lancman, Grodenchik, Maisel, Gentile, Koslowitz, Salamanca, Gibson, Cabrera, Greenfield, Treyger, Williams, Van Bramer, Cornegy, Reynoso, Espinal, Chin, Levin, Garodnick, Deutsch and Kallos

 

A Local Law to amend the administrative code of the city of New York, in relation to the alternative exemption for veterans

 

Be it enacted by the Council as follows:

 

Section 1.  Part 1 of subchapter 2 of chapter 2 of title 11 of the administrative code of the city of New York is amended by adding a new section 11-245.75 to read as follows:

§ 11-245.75 Alternative exemption for veterans; school district taxation exempted.

Pursuant to subparagraph (i) of paragraph (d) of subdivision two of section four hundred fifty-eight-a of the real property tax law, the city hereby provides that the exemptions allowable in paragraphs (a), (b) and (c) of subdivision two of section four hundred fifty-eight-a of the real property tax law shall be applicable to school district taxation.

§ 2. This local law takes effect July 1, 2017, except that if it becomes law subsequent to such date, this local law is retroactive to and deemed to have been in full force and effect as of July 1, 2017, and shall expire and be deemed repealed on June 30, 2022.

 

RC/ENB

LS #467, 8842, 9126

6/12/17 11:38 AM