Details Meeting Name: Committee on Finance Agenda status: Final Meeting date/time: 6/21/2017 10:00 AM Minutes status: Final   Meeting location: Council Chambers - City Hall Published agenda: Agenda Published minutes: Minutes   Meeting video: Video   Attachments: Attachments - Int. No. 1304-B, Attachments - Int. No. 1649, Attachments - Res. No. 1563, Attachments - LU 679, Attachments - LU 680, Attachments - LU 681 Meeting Items (15) 15 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: All agenda items Legislation only All agenda items File # Ver. Prime Sponsor Agenda # Agenda Note Name Type Summary Action Result Action Details Multimedia                     Roll call Not available Int 1304-2016 * Steven Matteo   Proposed Int. No. 1304-B Alternative exemption for veterans. Introduction 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. Hearing Held by Committee   Action details Not available Int 1304-2016 * Steven Matteo     Alternative exemption for veterans. Introduction 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. Amended by Committee   Action details Not available Int 1304-2016 * Steven Matteo     Alternative exemption for veterans. Introduction 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. Amendment Proposed by Comm   Action details Not available Int 1304-2016 B Steven Matteo     Alternative exemption for veterans. Introduction 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. Approved by Committee Pass Action details Not available Int 1649-2017 * Steven Matteo   Preconsidered Maximum exemptions allowable for the alternative exemption for veterans. Introduction This local law would establish that the maximum exemption allowable on qualifying residential real property under the Alternative Veterans Tax Exemption shall be the lesser of $48,000 or $48,000 multiplied by the latest class ratio for wartime veterans, $32,000 or $32,000 multiplied by the latest class ratio for combat veterans, and $160,000 or $160,000 multiplied by the latest class ratio for veterans with service-connected disabilities. Hearing Held by Committee   Action details Not available Int 1649-2017 * Steven Matteo     Maximum exemptions allowable for the alternative exemption for veterans. Introduction This local law would establish that the maximum exemption allowable on qualifying residential real property under the Alternative Veterans Tax Exemption shall be the lesser of $48,000 or $48,000 multiplied by the latest class ratio for wartime veterans, $32,000 or $32,000 multiplied by the latest class ratio for combat veterans, and $160,000 or $160,000 multiplied by the latest class ratio for veterans with service-connected disabilities. Approved by Committee Pass Action details Not available Res 1563-2017 * Julissa Ferreras-Copeland   Preconsidered Approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget. Resolution   Hearing on P-C Item by Comm   Action details Not available Res 1563-2017 * Julissa Ferreras-Copeland     Approving the new designation and changes in the designation of certain organizations to receive funding in the Expense Budget. Resolution   P-C Item Approved by Comm Pass Action details Not available LU 0679-2017 * Julissa Ferreras-Copeland     FH Homes, Manhattan Land Use Application   Hearing Held by Committee   Action details Not available LU 0679-2017 * Julissa Ferreras-Copeland     FH Homes, Manhattan Land Use Application   P-C Item Approved by Committee with Companion Resolution Pass Action details Not available LU 0680-2017 * Julissa Ferreras-Copeland     Tri-Block, Brooklyn Land Use Application   Hearing Held by Committee   Action details Not available LU 0680-2017 * Julissa Ferreras-Copeland     Tri-Block, Brooklyn Land Use Application   P-C Item Approved by Committee with Companion Resolution Pass Action details Not available LU 0681-2017 * Julissa Ferreras-Copeland     321 East 60th Street, Manhattan Land Use Application   Hearing Held by Committee   Action details Not available LU 0681-2017 * Julissa Ferreras-Copeland     321 East 60th Street, Manhattan Land Use Application   P-C Item Approved by Committee with Companion Resolution Pass Action details Not available