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Bill > S07797


NY S07797

NY S07797
Allows the alteration or repeal of real property tax exemptions for private institutions of higher education.


summary

Introduced
12/08/2023
In Committee
01/29/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

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 institutions

AI Summary

This bill proposes to amend the New York State constitution to allow for the alteration or repeal of real property tax exemptions for private institutions of higher education. Currently, the constitution exempts real or personal property used exclusively for religious, educational, or charitable purposes and owned by non-profit organizations from taxation, but this bill would create an exception to permit changes to the tax exemptions for private colleges and universities.

Committee Categories

Justice

Sponsors (6)

Last Action

OPINION REFERRED TO JUDICIARY (on 01/29/2024)

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