This article is enacted pursuant to § 458-b
of the New York State Real Property Tax Law and is intended to recognize
veterans who served on active duty in the United States Armed Forces
between September 2, 1945 and December 26, 1991, and who are not currently
receiving either the eligible funds or alternative veterans exemption.
This article shall take effect immediately and
shall apply to assessments rolls prepared on the basis of taxable
status dates occurring on or after the first day of June next succeeding
the date on which this article shall become effective.