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A08478 Summary:

BILL NOA08478
 
SAME ASSAME AS S07797
 
SPONSORMamdani
 
COSPNSREpstein, Gallagher, Shrestha, Forrest, Lee, Kim, Mitaynes, Bichotte Hermelyn, Gonzalez-Rojas, O'Donnell, Reyes
 
MLTSPNSR
 
Amd Art 16 §1, Constn
 
Allows the alteration or repeal of real property tax exemptions for private institutions of higher education.
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A08478 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8478
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                    December 29, 2023
                                       ___________
 
        Introduced  by  M. of A. MAMDANI, EPSTEIN, GALLAGHER, SHRESTHA, FORREST,
          LEE,  KIM,  TAYLOR,  MITAYNES,  BICHOTTE HERMELYN  --  read  once  and
          referred to the Committee on Real Property Taxation
 
                    CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY
 
        proposing  an  amendment to section 1 of article 16 of the constitution,
          in relation to real property tax  exemptions  for  educational  insti-
          tutions
 
     1    Section  1. Resolved (if the Senate concur), That section 1 of article
     2  16 of the constitution be amended to read as follows:
     3    Section 1. The power of taxation shall never be surrendered, suspended
     4  or contracted away, except as to securities issued for  public  purposes
     5  pursuant  to law. Any laws which delegate the taxing power shall specify
     6  the types of taxes which may be imposed thereunder and provide for their
     7  review.
     8    Exemptions  from  taxation  may  be  granted  only  by  general  laws.
     9  Exemptions  may  be  altered  or repealed except those exempting real or
    10  personal property used exclusively for religious, educational or  chari-
    11  table purposes as defined by law and owned by any corporation or associ-
    12  ation  organized  or  conducted  exclusively  for  one  or  more of such
    13  purposes  and  not  operating  for  profit;  provided,   however,   that
    14  exemptions  of  real  or  personal property used exclusively for private
    15  institutions of higher education may be altered or repealed.
    16    § 2. Resolved (if the Senate concur), That the foregoing  be  referred
    17  to  the  first  regular  legislative  session  convening  after the next
    18  succeeding general election of members of the assembly, and, in conform-
    19  ity with section 1 of article 19 of the constitution, be published for 3
    20  months previous to the time of such election.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD89123-01-3
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