NY A00309

Directs the state board of real property tax services to conduct a study on real property tax saturation, defined as the impact of high percentages of tax-exempt real property on municipal economic viability.

Requires the study to identify the percentage of tax-exempt real property in each county and examine the top 20 percent of counties with the highest tax-exempt property percentages.

Mandates examination of impacts over the five-year period preceding the study, including effects on housing market, small business growth, job creation, population, tax-exempt organizations, and dedicated park land.

Requires the board to identify feasible revisions to real property tax policies and strategies to support equitable distribution of real property taxation within affected counties.

Mandates delivery of findings and recommendations to the governor, senate president, and assembly speaker within one year of the act's effective date; the act expires two years after enactment or upon report delivery, whichever occurs first.