[Adopted 4-13-1998 by L.L. No. 2-1998]
The New York State Legislature has adopted, and the Governor has signed into law, an amendment to § 467 of the New York State Real Property Tax Law in relation to the exemption of veterans disability compensation from the definition of income for purposes of senior citizen exemption.
Pursuant to that bill, veterans disability compensation as defined in Title 38 of the United States Code shall be excluded from the computation of income for purposes of the senior citizens exemption.
It is the desire of the Cicero Town Board to exclude veterans disability compensation from the definition of income for the purposes of the senior citizens exemption authorized by Real Property Tax Law § 467.
This article shall apply to assessment rolls prepared on the basis of a taxable status date occurring on or after January 1, 1998.