Relates to school property and real property taxes; establishes the blue ribbon commission on property tax reform; relates to state assistance for local real property reassessment, state assistance to assessing units within a school district, providing a fixed real property assessed value for residential real property owned by certain persons over the age of 65 and providing state reimbursement to municipalities for lost real property tax revenue; requires the state to fund certain programs mandated for municipal corporations or school districts.
This bill authorizes the city of Buffalo to impose a 3% tax on short-term hotel and motel stays (including bed-and-breakfasts and tourist facilities), excluding guests staying 90+ consecutive days. The tax revenue must be allocated: 25% to downtown public safety, parks, and parking facilities, and 75% to capital improvements for cultural venues, public spaces, and sports facilities citywide. The city would collect the tax through its finance department, with specific rules for exemptions (e.g., government entities) and refund procedures. This policy directly affects hotels/motels and short-term visitors in Buffalo, not permanent residents or exempt organizations.
Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.
Relates to increasing the tax on alcohol; provides that one hundred percent of the taxes, interest, penalties and fees collected or received by the commissioner shall be allocated to the general fund.
This bill allows school districts in western New York to tax certain state-owned land used for correctional facilities, specifically targeting properties in the Alden and Gowanda central school districts (Erie County). It amends tax law to include the land (excluding state-built improvements) of these facilities in the school tax base. The change directly affects those two school districts by potentially increasing their local tax revenue from state-owned properties. The bill requires no further action beyond the tax law amendment and takes effect immediately.
This bill provides state funding to cities, towns, villages, or fire districts where tax-exempt property (like schools or government buildings) makes up over 35% of total property value, as this reduces local tax revenue. The state will pay eligible areas a sum based on two equal parts: 50% distributed by population proportion and 50% based on each area's share of tax-exempt property value. Payments require annual budget appropriations and apply to property assessments after the bill's effective date. It directly affects local governments struggling with revenue shortfalls due to high concentrations of tax-exempt land.
This bill amends the state constitution to require a two-thirds majority vote in both legislative chambers for any bill that provides the state with one-time or temporary funding (non-recurring revenue), such as a one-time tax or asset sale. It directly affects the legislative process for passing budget-related bills that generate revenue outside of regular annual appropriations. The key provision changes the voting threshold from a simple majority to two-thirds for these specific bills, while maintaining existing requirements for bill printing and final passage. This would make it harder to pass one-time revenue measures without broader bipartisan support. The bill is currently pending in committee review.
This bill increases the maximum percentage of state budget surplus that can be deposited into the tax stabilization reserve fund from 2% to 4% of the state's annual revenue target ("norm"). It directly affects how the state manages budget surpluses and potential shortfalls: if tax revenues fall below the norm, funds can be drawn from the reserve to cover the gap, with repayment rules remaining unchanged. The key mechanism allows more surplus money to be saved in the reserve fund during years of budget surpluses, while still permitting the remaining surplus to be used for tax reductions. The change takes effect three years after the bill becomes law.
Relates to taxpayers affected by a federal government shutdown by granting an extension for those who are furloughed and expediting their tax refunds.
This bill (A 2104) caps New York State's annual personal income tax collections starting in 2026. It sets a yearly limit based on a formula: the prior year's tax revenue multiplied by a growth factor (either 1.02 or 0.99 plus inflation), plus any unused carryover from previous years (max 1.5% of the limit). If the state collects more than the limit by over 1%, taxpayers receive equal refunds by September; if exceeded by less than 1%, the excess funds are reserved for future tax years. This directly affects all New York personal income tax filers by limiting how much the state can collect annually.
