Bill > A02002

This bill creates an optional property tax exemption for properties used as licensed child day care facilities, allowing local governments in New York to provide a 50% tax assessment reduction for such properties through a local law. Under this legislation, counties, cities, towns, villages, and school districts can choose to adopt a local law granting this tax exemption after holding a public hearing, and they can also adjust the maximum exemption amount. The exemption applies specifically to properties owned by corporations or individuals operating licensed child day care centers as defined in section 390 of the social services law. If a property ceases to be used as a child day care during the exemption period, the tax exemption will be immediately terminated. This bill aims to provide financial support to child day care providers by reducing their property tax burden and giving local governments the flexibility to implement the exemption based on their specific community needs.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A2002