Undoes part A of chapter 60 of the laws of 2016, which provides for the transition of the school tax relief property tax exemption to a personal income tax credit; repealer

This bill reverses a 2016 law change that was intended to shift the school tax relief property tax exemption into a personal income tax credit. By repealing specific sections of the tax law, the measure keeps the school tax relief as a property tax exemption rather than converting it to a credit. The legislation also modifies rules for applying for and renouncing this exemption, including the calculation of owed taxes and fees when a property owner voluntarily gives up the benefit. Ultimately, the bill ensures that the school tax relief remains tied to property ownership and residency instead of becoming a credit based on income.