Senate BillIntroduced
S 7250: Increases the amount combat veterans shall be exempt from real property taxation to thirty-five percent.
What S 7250 does, verified January 8, 2026
The proposed legislation aims to provide tax exemptions for combat veterans in New York. The exemption applies to qualifying residential real property, where the veteran served in a combat theatre or combat zone. To qualify, the property must be assessed at a certain percentage of its value, depending on the veteran's service medals and the local assessment rate. The exemption is capped at $40,000 or the product of $40,000 and the local assessment rate, whichever is less. The law takes effect immediately and applies to assessment rolls prepared on or after January 1, 2026.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS (2026-01-07)Alert me
Quick answers about S 7250
- What is the current status of S 7250?
- As of January 8, 2026, S 7250 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS".
- Did S 7250 pass?
- Not yet. S 7250 has been introduced and has not passed either house.
- Who wrote S 7250, and where is it now?
- S 7250 was authored by Sen. Andrew Lanza. Its committee of record is Senate Veterans, Homeland Security & Military Affairs.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS |
| Apr. 07, 2025 | REFERRED TO VETERANS, HOMELAND SECURITY AND MILITARY AFFAIRS |
Latest bill textIntroduced version, April 7, 2025 · 308 words
STATE OF NEW YORK ________________________________________________________________________ 7250 2025-2026 Regular Sessions IN SENATE April 7, 2025 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Veterans, Homeland Securi- ty and Military Affairs AN ACT to amend the real property tax law, in relation to real property tax exemptions for combat veterans The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (b) of subdivision 2 of section 458-a of the real 2 property tax law, as amended by chapter 473 of the laws of 2004, is 3 amended to read as follows: 4 (b) In addition to the exemption provided by paragraph (a) of this 5 subdivision, where the veteran served in a combat theatre or combat zone 6 of operations, as documented by the award of a United States campaign 7 ribbon or service medal, or the armed forces expeditionary medal, navy 8 expeditionary medal, marine corps expeditionary medal, or global war on 9 terrorism expeditionary medal, qualifying residential real property also 10 shall be exempt from taxation to the extent of [ten] thirty-five percent 11 of the assessed value of such property; provided, however, that such 12 exemption shall not exceed [eight] forty thousand dollars or the product 13 of [eight] forty thousand dollars multiplied by the latest state equal- 14 ization rate for the assessing unit, or in the case of a special assess- 15 ing unit, the class ratio, whichever is less. 16 § 2. This act shall take effect immediately and shall apply to assess- 17 ment rolls prepared on or after January 1, 2026. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11463-01-5
Text of S 7250 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions