The exemption provided in this paragraph is in lieu of any exemption under paragraph D to which the person may be eligible and applies to the property of that person, including property held in a revocable living trust for the benefit of that person. The exemption provided in this paragraph also applies to the ownership interest of that person in a cooperative housing entity.

SUMMARY

This bill applies the property tax exemption for veterans to veterans or certain members of their family who have an ownership interest in a cooperative housing entity.