Authorizes cities and towns, except a city with a population of one million or more, to establish community preservation funds; authorizes such cities and towns to impose a real estate transfer tax with revenues to be deposited in such funds; makes related provisions.
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Local Government
Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty or less persons, are resident in this state, are independently owned and operated and not dominant in their field, shall be two percent.
Authorizes the City of Newburgh to add unpaid housing code violation penalties, costs and fines to such city's annual tax levy in accordance with applicable law.
Repeals the tax exempt status of private universities that received real property tax exemptions of one hundred million dollars or more during the prior fiscal year.
Adjusts the calculation of the empire state child credit to provide for a one thousand dollar credit per qualifying child who is less than four years of age and a five hundred dollar credit per qualifying child who is four years of age or older for certain qualifying taxpayers.
Requires any information or data produced internally or by an outside consultant used by the governor, the division of the budget, the department of health or any other relevant state agency to justify such reduction be made available to elected officials prior to funding reductions for hospitals and nursing homes.
This bill requires industrial development agencies to follow new steps before providing over $100,000 in tax exemptions or financial assistance for projects. Agencies must adopt a resolution describing the project, hold a public hearing at the project site, give 10 days' notice to local governments and school districts, and use a standardized application form. The application form must include details like project description, job creation estimates, cost breakdowns, and proof of compliance with tax and environmental laws. These changes directly affect agencies, local governments, school districts, and project applicants seeking tax incentives.
Exempts services provided to board an animal when rendered by a veterinarian licensed and registered as required by the education law or by a commercial horse boarding operation from sales and use taxes.
Increases the cap on the credit for contributions to certain funds for contributions to the SUNY Impact Foundation from ten million dollars to twenty million dollars.
This bill extends Chautauqua County's authority to impose an additional 1% sales and use tax until November 30, 2027. The tax applies to residents and businesses in the county, with revenue allocated as follows: 3/20 (15%) distributed to local cities, towns, and villages based on population, and the remainder funding county Medicaid costs, road projects, capital improvements, and debt repayment. It modifies existing tax law to continue this specific rate structure beyond its previous expiration. The policy directly affects county taxpayers and shapes how local tax revenue is distributed for public services.
