Senate BillIntroduced
S 1053: Repeals the tax exempt status of private universities that received real property tax exemptions of one hundred million dollars or more during the prior fiscal year.
What S 1053 does, verified April 30, 2026
The bill proposes to repeal the tax-exempt status of educational institutions that cost $100 million or more in real property taxes per year. Currently, these institutions are exempt from paying taxes on their property. The bill would require that any property used for educational purposes but costing $100 million or more in real property taxes be taxed. The revenue generated from taxing these properties would be used to support the City University of New York, and the state would not reduce other funding to the university. The changes would take effect at the same time as a proposed constitutional amendment.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO LOCAL GOVERNMENT (2026-01-07)Alert me
Author and sponsors
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| Jan. 07, 2026 | REFERRED TO LOCAL GOVERNMENT |
| Jan. 08, 2025 | REFERRED TO LOCAL GOVERNMENT |
Latest bill textIntroduced version, January 8, 2025 · 368 words
STATE OF NEW YORK ________________________________________________________________________ 1053 2025-2026 Regular Sessions IN SENATE (Prefiled) January 8, 2025 ___________ Introduced by Sens. LIU, BRISPORT, CLEARE, SALAZAR -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to repealing the tax exempt status of educational institutions costing one hundred million dollars or more a year in real property tax exemptions The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 420-a of the real property tax law 2 is amended by adding a new paragraph (c) to read as follows: 3 (c) (i) Real property owned by a corporation or association organized 4 or conducted exclusively for educational purposes, and which has been 5 used exclusively for educational purposes, shall not be exempt from 6 taxation pursuant to paragraph (a) of this subdivision if the amount of 7 real property taxes exempted for such property during the prior fiscal 8 year costs one hundred million dollars or more. 9 (ii) Moneys from property taxes imposed on private higher education 10 facilities pursuant to subparagraph (i) of this paragraph shall be used 11 for the city university of New York, as established by article one 12 hundred twenty-five of the education law. 13 (iii) Moneys received pursuant to subparagraph (i) of this paragraph 14 shall supplement annual state funding to the city university of New York 15 and the governor shall not reduce other state funding accounts to the 16 city university of New York in response to moneys received pursuant to 17 subparagraph (i) of this paragraph. 18 § 2. This act shall take effect on the same date as a concurrent 19 resolution amending the constitution, entitled "CONCURRENT RESOLUTION OF 20 THE SENATE AND ASSEMBLY proposing an amendment to section 1 of article 21 16 of the constitution, in relation to real property tax exemptions for 22 educational institutions", takes effect. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00354-02-5
Text of S 1053 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions