Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 06, 2016 |
referred to ways and means |
Mar 20, 2015 |
referred to ways and means |
Assembly Bill A6296
2015-2016 Legislative Session
Sponsored By
ENGLEBRIGHT
Archive: Last Bill Status - In Assembly 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
2015-A6296 (ACTIVE) - Details
2015-A6296 (ACTIVE) - Summary
Authorizes and directs the department of education 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.
2015-A6296 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6296 2015-2016 Regular Sessions I N A S S E M B L Y March 20, 2015 ___________ Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Ways and Means AN ACT directing the education department and the department of taxation and finance to study the fiscal impact of granting local school districts authority to implement an income tax surcharge; and provid- ing for the repeal of such 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. The legislature further finds that gross inequities exist throughout the state in terms of school districts' abilities to raise money local- ly. Under the present system, wealthy and "property rich" districts, specifically those areas with commercial property and other entities with high assessments, have a tremendous advantage over underprivileged EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09556-01-5
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