This bill, known as the "mansion tax adjustment act," raises the sales price threshold for a special tax on residential real estate from one million to two million dollars. It directly affects buyers and sellers of homes, apartments, or condominiums priced at or above this new limit, requiring them to pay an additional one percent tax on the transaction. The law includes a provision to automatically adjust this two million dollar threshold each year based on inflation, ensuring the limit keeps pace with rising costs. This change applies immediately upon enactment.
Relates to prohibiting the use of funds, financial incentives or subsidies where facilities or property are used primarily for e-commerce storage and transfers, or the facilitation thereof.
This bill changes how certain public employees in New York contribute to their retirement systems by replacing a flat 3% rate with a tiered system based on their annual salary. Starting in the 2026 plan year, employees earning up to $75,000 will still pay 3%, while those earning between $75,000 and $100,000 will pay 4%, and those earning over $100,000 will pay 5%. The law also clarifies that these contribution rates are calculated using the employee's wages from the previous two-year period and excludes overtime pay from the calculation. New hires will have their contributions based on projected wages for their first three years of service.
This bill increases the financial rebates available under Minnesota's zero emissions and clean burning fuel vehicle programs. It directly affects residents who purchase qualifying electric or clean fuel vehicles by raising the maximum rebate amount from $2,000 to $4,000 for vehicles with an EPA estimated range of 200 miles or more. The legislation also adjusts lower-tier rebates to $2,000 for vehicles with a range between 40 and 199 miles and $1,000 for those with less than 40 miles of range. The changes are set to take effect 90 days after the bill becomes law.
This bill increases the occupancy tax in St. Lawrence County from three percent to five percent. It directly affects guests staying in hotels, motels, and boarding houses within the county by raising the fee charged on their room rental rates. The legislation authorizes the county to collect this higher tax on a per-night basis for all lodging accommodations. The change takes effect immediately upon the bill's passage.
This bill directs city special assessing units to calculate their 2027 real property tax base proportions by limiting annual increases to a maximum of five percent. Local legislative bodies must finalize these calculations by December 1, 2026, and may need to issue amended tax bills if assessments were already sent out. The law ensures that any increase in tax rates for the upcoming fiscal year remains within this five percent cap while protecting taxpayers from paying on installments due before the new rules take effect.
Assesses a 100% tax on distributions from the federal anti-weaponization fund; provides that such tax shall not be reduced pursuant to any deduction, exemption or credit.
Assesses a 100% tax on distributions from the federal anti-weaponization fund; provides that such tax shall not be reduced pursuant to any deduction, exemption or credit.
This bill proposes to amend the state constitution to allow the legislature to change or remove tax exemptions for real property owned by private colleges and universities. Currently, the constitution protects tax exemptions for religious, educational, and charitable organizations, but this measure would create a specific exception for private higher education institutions. If passed, the government would gain the authority to alter or end these tax breaks, whereas other non-profit entities would retain their protected status. The bill requires publication and a public vote in a future election before it can take effect.
Enacts the "no tax dollars for terror act" to increase transparency and accountability of organizations engaging in political activities and supporting terrorism; requires the disclosure of paid protestors; directs the attorney general to make a formal determination of ineligibility where an organization has provided material support or resources to a terrorist organization.
