Local

Proposed bill would give tax break to active duty family members

Proposed bill would give tax break to active duty family members

ALBANY, N.Y. (AP) — A lucrative property tax break for veterans could be extended to New York families with a member on active duty.

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.

Attorney General Eric Schneiderman, who’s pushing the bill, says Thursday there are nearly 25,000 people living in New York on active duty.

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 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More Local Headlines

in Local

Cornell frat suspended for use of alcohol, illicit substance

cornell seal

Suspension comes after 2011 violations for Psi Upsilon frat

in Local

Tioga County man faces 17 years in prison for fatal stabbing

gavel_court

Douglas Every was convicted of manslaughter in connection with October 2013 stabbing

in Local

Western New York company sending pizzas overseas for troops

pizza

Soldiers will receive pizza in time for Seahawks vs. Patriots game Sunday

in Local

Silver to step down Monday as speaker; replacement list down to 2

sheldon silver

Silver's resignation as Speaker will come 11:59 p.m. Monday

in Local

NY wage board suggests higher wage for tipped workers

state leg

The Wage Board voted Friday to raise the wage from $5 to $7.50 an hour.