Bill > S09168

This bill proposes to amend the New York state constitution to allow the legislature and governor to alter or repeal the real property tax exemptions for private institutions of higher education through the passage of a private bill. Currently, the constitution grants tax exemptions for real and personal property used exclusively for religious, educational, or charitable purposes, and these exemptions can only be altered or repealed by general laws. The proposed amendment would create an exception for private institutions of higher education, allowing their tax exemptions to be modified through a more targeted legislative process.