NY A08478

Proposes an amendment to Article 16, Section 1 of the New York State Constitution to allow alteration or repeal of real property tax exemptions for private institutions of higher education.

Maintains existing constitutional protections for real and personal property tax exemptions used exclusively for religious, educational, or charitable purposes by non-profit organizations.

Creates an exception to the protection of educational exemptions specifically for private institutions of higher education, allowing their exemptions to be altered or repealed by law.

Requires the amendment to be referred to the first regular legislative session following the next general election of assembly members and published for 3 months prior to that election.