A lucrative property tax break for veterans could be extended to New York families with a member on active duty.
Attorney General Eric Schneiderman’s proposing the legislation.
“In my office, we are renewing our effort to ensure that at least in the state of New York that we deliver for those who protect us. While they are overseas protecting our rights, we have to protect their rights at home,” Schneiderman said.
The Tax Relief for Active Military Service bill would allow active duty service members or their spouses to benefit from a 10-percent tax exemption based on the assessed value of their home. The exemption would be capped at $10,000 for most homes.
Currently, families can only get the tax break once a member leaves military service.
The organization Iraq and Afghanistan Veterans of America supports the measure.
The bill already had several sponsors in the state Legislature, which could consider it as early as January.
Copyright 2013 Associated Press. All Rights Reserved.