Relates to the payment of property taxes to municipalities by any nonprofit organization; requires nonprofit organizations that would typically be exempt from property taxes based on nonprofit status to pay 75 percent of its annual property taxes to the municipality in which it sits in order to offset the impact of the exemption.
STATE OF NEW YORK
________________________________________________________________________
8548--A
2025-2026 Regular Sessions
IN SENATE
October 24, 2025
___________
Introduced by Sen. WEIK -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee
AN ACT to amend the real property tax law, in relation to the payment of
property taxes to municipalities by any nonprofit organization
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 1 of section 420-a of the real property tax law
2 is amended by adding a new paragraph (c) to read as follows:
3 (c) Any nonprofit organization located within the state, that would
4 typically be exempt from property taxes based on its nonprofit status
5 under this section, shall be required to pay seventy-five percent of its
6 annual property taxes to the municipality in which it sits in order to
7 offset the impact of the exemption authorized by this section on munici-
8 pal revenues. However, any nonprofit organizations with a standing
9 payments in lieu of taxes (PILOT) program, or any other financial agree-
10 ment with their municipality arranged with the intent to offset the
11 impact of such exemption, shall be exempt from the tax requirement laid
12 out in this paragraph.
13 § 2. This act shall take effect on the first of January next succeed-
14 ing the date on which it shall have become a law and shall apply to
15 assessment rolls prepared on the basis of taxable status dates occurring
16 on or after such date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13730-02-5
