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NY A03663
Bill
Status
1/29/2025
Primary Sponsor
Karl Brabenec
Click for details
AI Summary
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Expands exemptions to New York's property tax cap law by allowing local governments to exceed the tax levy limit for specific categories of expenditures
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Creates new exclusions from the tax cap for infrastructure improvements and repairs, road maintenance, repair and renovation, and snow removal expenses
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Exempts capital projects and infrastructure improvements in utilities, transportation, and communication from the tax levy limit
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Allows local governments to exceed the cap for expenses derived from consent orders and smart growth initiatives
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Permits tax levies above the cap for extraordinary expenses required to respond to public health emergencies and pandemics
Legislative Description
Relates to the limit upon real property tax levies by local governments; exempts real property owned by a city, town or village from taxes for infrastructure, road maintenance, snow removal, capital projects, consent order and smart growth initiative expenses and any extraordinary expenses required to respond to public health emergencies and pandemics.
Last Action
referred to real property taxation
1/7/2026