New York / State / 2025-2026 Regular Sessions (2026-2027 budget)
Chapter 59 of 2026, Part EE Restored local option for the 458-a(11) full exemption and set a single permanent and total test
Expands and restricts Replaces the four joined tests with a single permanent and total test, but makes the exemption a local option again.
The budget made the full exemption a local option again for each county, city, town, village and school district, required a VA letter stating the veteran is permanently and totally disabled as a result of military service, and added a 30-day notice to the Department of Veterans’ Services, which must keep a public list of adopters. Applies to rolls based on taxable status dates on or after October 1, 2026. The Department of Taxation and Finance cites it with chapters 672 of 2025 and 77 of 2026.
Progress
Path to law: Bill in a two-chamber legislature
- Introduced Done, Senate
- In committee Done, Senate Finance, then Assembly Ways and Means
- Passed one chamber Done, Senate
- Passed both chambers Done, Assembly
- Signed by the governor Done,
- In effect Done,
Sponsors
- Budget bill, submitted by the Governor
What it touches
- N.Y. Real Prop. Tax Law § 458-a(11)
Catalog entry
Official record
Read Chapter 59 of 2026, Part EE on the jurisdiction's own record