Bill > S04683

This bill proposes a constitutional amendment to the state's taxation provisions, specifically targeting real property tax exemptions for private institutions of higher education. Currently, tax exemptions for properties used exclusively for religious, educational, or charitable purposes are generally protected and cannot be easily altered. The proposed amendment would create a specific exception for private higher education institutions, allowing the state legislature to modify or repeal their tax exemptions through a process that requires passage of a private bill and approval by the governor. This means that while other nonprofit entities like religious and charitable organizations would continue to have strong protections for their tax exemptions, private colleges and universities would become more vulnerable to potential tax changes. The amendment would be referred to the first regular legislative session after the next general election and must be published for three months prior to that election, following constitutional procedures for constitutional amendments.

Justice

https://www.nysenate.gov/legislation/bills/2025/S4683