Leg Denenberg Announces Tax Exemption for Cold War Veterans
Nassau County Legislator Dave Denenberg (D-Merrick) joined Nassau County Executive Tom Suozzi to announce that Cold War-era veterans in Nassau County are eligible for a property tax exemption of up to 15 percent. Veterans who served more than a year in service from Sept. 2, 1945, to Dec. 26, 1991 may apply for the exemption, which allows Cold War veterans to get the same tax exemption as veterans who served during wartime. And it applies to the veterans' un-remarried spouses. Disabled veterans will receive an additional exemption.
Legislator Denenberg, the Vice-Chair of the Veterans Committee, sponsored the legislation locally. He said, “I believe that we can never thank our veterans enough for their service. Providing tax relief is the least government can do for those who gave so much to their country. This law provides that the men and women who served during the Cold War will be treated as serving during war-time for purposes of this veteran’s tax exemption. Having grown up in the late 1960s and 1970s, I remember the anxiety and fears of that war and the battles within that war; in the end it was a 46-year war that the U.S. won because of the valiant service of the men and women of our armed forces.”
The Cold War exemption of 15 percent adopted by the Legislature applies to Countytaxes but not school or special district taxes and is limited to 10 years. Veterans with a service-connected disability can increase the value of the exemption by one half of their disability rating. Veterans who served during the Korean or Vietnam Wars or received an expeditionary medal for operations in Lebanon, Grenada or Panama during specified times of conflict are eligible for the Alternative Veterans Exemption. No veteran can receive both a Cold War and a wartime tax exemption.
For further information, veterans may contact the Veterans Service Agency at (516) 572-8452 or the Nassau County Assessor's Office at (516) 571-1500 for an application.