Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to education |
Jan 07, 2009 |
referred to education |
Senate Bill S306
2009-2010 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Education Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-S306 (ACTIVE) - Details
2009-S306 (ACTIVE) - Summary
Authorizes and directs the department of education and the state board of real property services to undertake a study with the department of taxation and finance on the fiscal impact and implication of granting local school districts the authority to implement an income tax surcharge as a means of reducing local real property taxes and funding education.
2009-S306 (ACTIVE) - Sponsor Memo
BILL NUMBER: S306 TITLE OF BILL : An act directing the New York State department of education, the New York State department of taxation and finance and the state board of real property services to study the fiscal impact of granting local school districts authority to implement an income tax surcharge and providing for the repeal of certain provisions upon expiration thereof PURPOSE : This study would give the Legislature and the public a better idea as to the specific impacts of moving away from the property tax as the principal means of financing education costs in favor of an income-tax surcharge. SUMMARY OF PROVISIONS : The State Education Department, the State Board of Real Property Services and the State Department Taxation and Finance would undertake a comprehensive study documenting the fiscal implications of authorizing the reduction of real-property taxes levied for the purpose of funding education costs through granting local school districts the option to implement an income-tax surcharge.
2009-S306 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 306 A. 371 2009-2010 Regular Sessions S E N A T E - A S S E M B L Y (PREFILED) January 7, 2009 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Education IN ASSEMBLY -- Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Ways and Means AN ACT directing the New York State department of education, the New York State department of taxation and finance and the state board of real property services to study the fiscal impact of granting local school districts authority to implement an income tax surcharge and providing for the repeal of certain provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Declaration of findings and legislative intent. The legis- lature hereby finds that the real property tax is an inequitable and regressive form of taxation wherein low- and middle-income taxpayers pay a disproportionate percentage of their income in property taxes. Under such a system, ability to pay is not a factor in calculating property tax liability. Rather, the present system relies on an often-archaic system of property tax assessment that bears no relation to household income. Further, such system of taxation has priced many people out of the housing market or forced them to sell their homes. In addition, such a taxing mechanism has a particularly negative impact on senior citizens and those living on a fixed income. The legislature hereby finds that the collection of local property taxes constitutes the majority of education funding in school districts throughout the state utilizing such a system. Presently, approximately fifty-seven percent of school funding is derived from localities. As the state continues to reduce its share of the education-funding burden, school districts have been forced to increase their tax rates, thereby further increasing the unfair burden of such tax system. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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