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NY S07091
Bill
Status
4/1/2025
Primary Sponsor
Andrew Lanza
Click for details
AI Summary
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Requires cities with a population of one million or more (effectively New York City) to reduce their real property tax levy for fiscal year 2026
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The mandated reduction must be at least equal to the real property tax increase that was authorized under Local Law 40 of New York City for the year 2002
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Overrides any conflicting provisions in general, special, or local law
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Takes effect immediately upon passage
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Introduced by Senator Lanza and referred to the Senate Committee on Cities 1
Legislative Description
Directs a city with a population of one million or more to reduce its real property tax levy for the 2026 fiscal year by an amount not less than the real property tax increase authorized pursuant to local law 40 of the city of New York for the year 2002.
Last Action
REFERRED TO CITIES 1
1/7/2026