Elmira/Corning Regional Airport

NYS Vet Bill

Written By: Joe Melillo

Veterans could see a huge money saver when it comes to their taxes and it could even be extended to their families

NYS Vet Bill

November 8 ,2013
New York (WENY) - Veterans could see a huge money saver when it comes to their taxes and it could even be extended to their families.
    
The Tax Relief for Active Military Service bill gives veterans a 10% tax exemption based on the assessed value of their home If New York State lawmakers pass the bill it could also allow active duty service members spouses to get the same exemption. Currently, families can only get the tax break once a member leaves military service. There are nearly 25,000 people living in New York on active duty. New York State legislators could debate the bill as early as January.