Bill > A08478

This bill proposes an amendment to 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 state 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 carve out an exception to allow the state to potentially alter or repeal the tax exemption for property used by private colleges and universities.