Int 1304-2016
Alternative exemption for veterans.
IntroductionEnactedCommittee on Financeintroduced 2016-10-13Local Law 2017/120
Enacted as Local Law 2017/120.
Official record · Legistar
Agenda: 2016-10-13Passed: 2017-07-22Enacted: 2017-07-22
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.
Committee on Finance — Executive Budget review and Budget modification, Banking Commission, Comptroller's Office, Department of Finance, Independent Budget Office, Office of Administrative Tax Appeal, and fiscal policy and revenue from any source.
How it compares
50% of similar bills passed
25 passed · 25 died
This bill: 250 days in committee
Similar bills: median 97 days · 15 days when passed
Compared against 50 Introduction bills in Committee on Finance.
Ranked by how closely each matches this bill's topic — closest first:
Int 1763-2017
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Int 1649-2017
Maximum exemptions allowable for the alternative exemption for veterans.
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Int 0833-2000
Real Property Taxation, Gold Star Parents
13dEnacted
Int 0617-2018
Establishing a real property tax exemption for Cold War veterans.
1394dFiled
Int 0377-2022
Establishing a real property tax exemption for Cold War veterans.
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Int 0387-2010
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+ 44 more comparable bills
Sponsors (31)
Lifecycle
IntroducedIntroduced by Council
2016-10-13 · City Council
ActionReferred to Comm by Council
2016-10-13 · City Council
HeardHearing Held by Committee
2016-12-08 · Committee on Finance
ActionAmendment Proposed by Comm
2016-12-08 · Committee on Finance
HeldLaid Over by Committee
2016-12-08 · Committee on Finance
HeardHearing Held by Committee
2016-12-08 · Committee on Veterans
ActionAmendment Proposed by Comm
2016-12-08 · Committee on Veterans
HeldLaid Over by Committee
2016-12-08 · Committee on Veterans
HeardHearing Held by Committee
2017-06-21 · Committee on Finance
ActionAmended by Committee
2017-06-21 · Committee on Finance
ActionAmendment Proposed by Comm
2017-06-21 · Committee on Finance
AdvancedApproved by Committee
2017-06-21 · Committee on Finance
AdvancedApproved by Council
2017-06-21 · City Council
ActionSent to Mayor by Council
2017-06-21 · City Council
AdvancedCity Charter Rule Adopted
2017-07-22 · Administration
Votes (11)
Aye (8)
Helen K. RosenthalVanessa L. GibsonJames G. Van BramerLaurie A. CumboI. Daneek MillerSteven MatteoRobert E. Cornegy, Jr.Ydanis A. Rodriguez
Absent (3)
Mark LevineCorey D. JohnsonJulissa Ferreras-Copeland
Heard at (5)
City Council · 2017-06-21 · 1:30 PM · Council Chambers - City Hall
Committee on Finance · 2017-06-21 · 10:00 AM · Council Chambers - City Hall
Committee on Veterans · 2016-12-08 · 1:00 PM · Council Chambers - City Hall
Committee on Finance · 2016-12-08 · 1:00 PM · Council Chambers - City Hall
City Council · 2016-10-13 · 1:30 PM · Council Chambers - City Hall
Attachments (21)
- Legislative History Report
- Summary of Int. No. 1304-A
- Summary of Int. No. 1304
- Int. No. 1304
- October 13, 2016 - Stated Meeting Agenda with Links to Files
- Committee Report 12/8/16
- Hearing Testimony 12/8/16
- Hearing Transcript 12/8/16
- Proposed Int. No. 1304-A - 5/11/17
- Proposed Int. No. 1304-B - 6/22/17
- Committee Report 6/21/17
- Hearing Transcript 6/21/17
- Committee Report - Stated Meeting
- June 21, 2017 - Stated Meeting Agenda with Links to Files
- Fiscal Impact Statement
- Hearing Transcript - Stated Meeting 6-21-17
- Int. No. 1304-B (FINAL)
- Letter to Mayor
- Local Law 120
- Minutes of the Recessed Stated Meeting of June 6, 2017 held on June 21, 2017
- Minutes of the Stated Meeting - June 21, 2017
Full text
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