S07091 Summary:
| BILL NO | S07091 |
| SAME AS | No Same As |
| SPONSOR | LANZA |
| COSPNSR | |
| MLTSPNSR | |
| Directs a city with a population of one million or more to reduce its real property tax levy for the 2026 fiscal year by an amount not less than the real property tax increase authorized pursuant to local law 40 of the city of New York for the year 2002. | |
S07091 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 7091 2025-2026 Regular Sessions IN SENATE April 1, 2025 ___________ Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Cities 1 AN ACT directing a city with a population of one million or more to reduce its real property tax levy The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any provision of general, special or local 2 law to the contrary, a city with a population of one million or more 3 shall reduce its real property tax levy for the 2026 fiscal year by an 4 amount not less than the real property tax increase authorized pursuant 5 to local law 40 of the city of New York for the year 2002. 6 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11333-01-5