[Adopted 12-20-2000 by L.L. No. 3-2000]
A.
The purpose of this article is to make a Gold Star Parent eligible
for the veterans alternative exemption as authorized by Chapter 326
of the Laws of New York for 2000.
B.
Chapter 326 of the Laws of New York for 2000 amended § 458-a
of the New York State Real Property Tax Law by adding a new Subdivision
7 making a Gold Star Parent eligible for the veterans alternative
exemption.
C.
In addition to the veterans alternative exemption currently authorized
pursuant to § 458-a of the New York State Real Property
Tax Law, property owned by a Gold Star Parent will now be included
within the definition of "qualifying residential real property" as
provided in Paragraph (d) of Subdivision 1 of § 458-a of
New York State Real Property Tax Law.
D.
An otherwise qualified Gold Star Parent will be eligible to receive
the veterans alternative exemption, provided that the exemption shall
only be applied to the primary residence of the Gold Star Parent.
As used in this article, the following terms shall have the
meanings indicated:
The parent of a child who died in the line of duty while
serving in the United States Armed Forces during a period of war.
The additional exemption provided for in Paragraph (c) of Subdivision
2 of § 458-a shall not apply to real property owned by a
Gold Star Parent.
This article shall take effect upon filing with the Secretary
of State and the Comptroller of the State of New York and shall apply
to assessment rolls prepared having a taxable status date occurring
on or after January 1 of the year next succeeding the date when this
article takes effect.
