S T A T E O F N E W Y O R K
________________________________________________________________________
8548
2025-2026 Regular Sessions
I N S E N A T E
October 24, 2025
___________
Introduced by Sen. WEIK -- 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 the payment of
property taxes to municipalities by hospitals considered nonprofit
organizations
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) ANY HOSPITAL LOCATED WITHIN THE STATE, THAT WOULD TYPICALLY BE
EXEMPT FROM PROPERTY TAXES BASED ON ITS NONPROFIT STATUS UNDER THIS
SECTION, SHALL BE REQUIRED TO PAY SEVENTY-FIVE PERCENT OF ITS ANNUAL
PROPERTY TAXES TO THE MUNICIPALITY IN WHICH IT SITS IN ORDER TO OFFSET
THE IMPACT OF THE EXEMPTION AUTHORIZED BY THIS SECTION ON MUNICIPAL
REVENUES. HOWEVER, ANY HOSPITALS WITH A STANDING PAYMENTS IN LIEU OF
TAXES (PILOT) PROGRAM, OR ANY OTHER FINANCIAL AGREEMENT WITH THEIR MUNI-
CIPALITY ARRANGED WITH THE INTENT TO OFFSET THE IMPACT OF SUCH
EXEMPTION, SHALL BE EXEMPT FROM THE TAX REQUIREMENT LAID OUT IN THIS
PARAGRAPH.
§ 2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law and shall apply to
assessment rolls prepared on the basis of taxable status dates occurring
on or after such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13730-01-5