What's happening
This bill removes the expiration date and makes permanent the property tax cap for New York school districts and local governments.
Why it matters
Guarantees long-term predictability for homeowners and businesses. by making the property tax cap permanent, which can help with financial planning and stability for property owners across New York.
Limits the ability of local governments and school districts to increase property taxes above the cap. , potentially restraining revenue growth for local services, schools, and infrastructure—this could affect funding for public programs and staffing levels.
Removes legislative leverage for future negotiation or reform. , since the cap no longer has an expiration date; this could make it harder to revisit or adjust the law in response to changing economic conditions or community needs.
Decouples the property tax cap from other emergency housing laws. , signaling a policy shift away from linking tax limitations to the status of rent regulations and housing emergencies, and making the cap’s existence independent of other housing market factors.
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Who cares
Headline styles
Make Property Tax Cap Permanent
Plain English, a few words. Used as the page title.
Sponsors
History
- Referred to local government
- Returned to senate
- Died in assembly
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 58–2
- Ordered to third reading cal.40
- Reported and committed to rules
- Referred to local government
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1904
2019-2020 Regular Sessions
IN SENATE
January 17, 2019
Introduced by Sen. GAUGHRAN -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government
AN ACT to amend chapter 97 of the laws of 2011, amending the general municipal law and the education law relating to establishing limits upon school district and local government tax levies, in relation to eliminating the expiration of and making permanent certain provisions thereof
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 13 of part A of chapter 97 of the laws of 2011, amending the general municipal law and the education law relating to establishing limits upon school district and local government tax levies, as amended by section 18 of part A of chapter 20 of the laws of 2015, is amended to read as follows:
§ 13. This act shall take effect immediately; provided, however, that sections two through eleven of this act shall take effect July 1, 2011 and shall first apply to school district budgets and the budget adoption process for the 2012-13 school year; and shall continue to apply to school district budgets and the budget adoption process for any school year beginning in any calendar year during which this act is in effect; provided further, that if section 26 of part A of chapter 58 of the laws of 2011 shall not have taken effect on or before such date then section ten of this act shall take effect on the same date and in the same manner as such chapter of the laws of 2011, takes effect; provided further, that section one of this act shall first apply to the levy of taxes by local governments for the fiscal year that begins in 2012 and shall continue to apply to the levy of taxes by local governments for any fiscal year beginning in any calendar year during which this act is in effect[; provided, further, that this act shall remain in full force and effect at a minimum until and including June 15, 2020 and shall remain in effect thereafter only so long as the public emergency requir-
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07901-01-9
S. 1904 2
ing the regulation and control of residential rents and evictions and all such laws providing for such regulation and control continue as provided in subdivision 3 of section 1 of the local emergency rent control act, sections 26-501, 26-502 and 26-520 of the administrative code of the city of New York, section 17 of chapter 576 of the laws of 1974 and subdivision 2 of section 1 of chapter 274 of the laws of 1946 constituting the emergency housing rent control law, and section 10 of chapter 555 of the laws of 1982, amending the general business law and the administrative code of the city of New York relating to conversions of residential property to cooperative or condominium ownership in the city of New York as such laws are continued by chapter 93 of the laws of 2011 and as such sections are amended from time to time].
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend chapter 97 of the laws of 2011, amending the general municipal law and the education law relating to establishing limits upon school district and local government tax levies, in relation to elimi- nating the expiration of and making permanent certain provisions thereof
Purpose
The legislation would make the municipal and school district tax caps permanent.
Summary of provisions
Section 1 repeals provisions that would sunset the tax cap upon speci- fied legislative actions
Section 2 is the effective date.
Justification
New York residents pay the highest property taxes in the nation, either in dollar terms downstate or as percentages of property value upstate. In 2011 New York created a property tax cap that limits the growth of tax levies to the level of inflation, capped at 2%.
The property tax cap has been effective at generating savings for prop- erty owners and businesses. In the first three years in New York the property tax cap has saved $2.6 billion and is projected to save more than $11.4 billion over the first ten years of implementation.
Making this property tax cap permanent will help provide financial stability to property tax payers around the State, particularly at a time when federal tax policies are hurting many New York tax payers who can no longer deduct the full value of their state and local taxes, including property taxes, at the federal level.
Legislative history
2015-16: S.5597 Passed the Senate
2017-18: S.1207 Passed the Senate
Fiscal implications
None
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.