Senate Bill S7798

2023-2024 Legislative Session

Repeals the tax exempt status of private universities that receive real property tax exemptions of one hundred million dollars or more

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Local Government Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2023-S7798 (ACTIVE) - Details

See Assembly Version of this Bill:
A8479
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd §420-a, RPT L
Versions Introduced in 2025-2026 Legislative Session:
S1053, A2130

2023-S7798 (ACTIVE) - Summary

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.

2023-S7798 (ACTIVE) - Sponsor Memo

2023-S7798 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7798
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             December 8, 2023
                                ___________
 
 Introduced  by  Sens. LIU, CLEARE -- read twice and ordered printed, and
   when printed to be committed to the Committee on Rules
 
 AN ACT to amend the real property tax law, in relation to repealing  the
   tax  exempt  status  of  educational  institutions costing one hundred
   million dollars or more a year in real property tax exemptions

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 420-a of the real property tax law
 is amended by adding a new paragraph (c) to read as follows:
   (C)  (I) REAL PROPERTY OWNED BY A CORPORATION OR ASSOCIATION ORGANIZED
 OR CONDUCTED EXCLUSIVELY FOR EDUCATIONAL PURPOSES, AND  WHICH  HAS  BEEN
 USED  EXCLUSIVELY  FOR  EDUCATIONAL  PURPOSES,  SHALL NOT BE EXEMPT FROM
 TAXATION PURSUANT TO PARAGRAPH (A) OF THIS SUBDIVISION IF THE AMOUNT  OF
 REAL  PROPERTY  TAXES EXEMPTED FOR SUCH PROPERTY DURING THE PRIOR FISCAL
 YEAR COSTS ONE HUNDRED MILLION DOLLARS OR MORE.
   (II) MONEYS FROM PROPERTY TAXES IMPOSED ON  PRIVATE  HIGHER  EDUCATION
 FACILITIES  PURSUANT TO SUBPARAGRAPH (I) OF THIS PARAGRAPH SHALL BE USED
 FOR THE CITY UNIVERSITY OF NEW  YORK,  AS  ESTABLISHED  BY  ARTICLE  ONE
 HUNDRED TWENTY-FIVE OF THE EDUCATION LAW.
   §  2.  This  act  shall  take  effect on the same date as a concurrent
 resolution amending the constitution, entitled "CONCURRENT RESOLUTION OF
 THE SENATE AND ASSEMBLY proposing an amendment to section 1  of  article
 16  of the constitution, in relation to real property tax exemptions for
 educational institutions", takes effect.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13497-04-3

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.