Int. No. 617
By Council Members Borelli, Treyger, Vallone, Ulrich, Deutsch, Matteo, Holden, Lander and Maisel
Title
A Local Law to amend the administrative code of the city of New York, in relation to establishing a real property tax exemption for Cold War veterans
Body
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 11-245.76 to read as follows:
?11-245.76 Exemption for Cold War veterans. a. Definitions. As used in this section, the following terms have the following meanings:
The term "Cold War veteran" means a person, male or female, who served on active duty in the United States armed forces, during the time period from September second, nineteen hundred forty-five to December twenty-sixth, nineteen hundred ninety-one, and was discharged or released therefrom under honorable conditions.
The term "armed forces" means the United States army, navy, marine corps, air force, and coast guard.
The term "active duty" means full-time duty in the United States armed forces, other than active duty for training.
The term "service connected" means, with respect to disability or death, that such disability was incurred or aggravated, or that the death resulted from a disability incurred or aggravated, in line of duty on active military, naval or air service.
The term "qualified owner" means a Cold War veteran, the spouse of a Cold War veteran, or the unremarried surviving spouse of a deceased Cold War veteran. Where property is owned by more than one qualified owner, the exemption to which each is entitled may be combined. Where a veteran is also the unremarried surviving spouse of a veteran, such person may also receive any exemption to which the deceased spouse was entitled.
The term "qaualified residential real property" means property owned by a qualified owner which...
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