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.