S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3108
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2025
                                ___________
 
 Introduced by M. of A. EACHUS, PAULIN, ROSENTHAL, PEOPLES-STOKES -- 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 commissioner of
   taxation and finance to study the fiscal impact of  funding  education
   with state income tax
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative findings. The legislature finds that within the
 current education funding system, which  is  based  upon  real  property
 taxation,  there  are inherent inequities throughout the state. Children
 in different regions of the state receive varying degrees  of  education
 and  ability  to participate in extracurricular activities. The legisla-
 ture finds that children  should  not  be  penalized  based  upon  their
 geographic location, a factor that is well beyond their control.  There-
 fore, the legislature intends to determine a method of funding education
 that  allows  all children to receive the same educational and extracur-
 ricular opportunities.
   § 2. The New York state department of education and  the  commissioner
 of taxation and finance are hereby authorized and directed to assist the
 New York state department of taxation and finance in preparing a compre-
 hensive  study documenting the fiscal implications of using state income
 taxes to fund education in lieu of using real property taxes.
   Such study shall consider the fiscal impacts on a  broad  spectrum  of
 geographic  regions  throughout  the  state. The study should address as
 many of the inequities in the current education funding  system  as  the
 department  of  education, the commissioner of taxation and finance, and
 the department of taxation and finance can identify.  The  study  should
 include  legislative  recommendations  that  would  help ensure a smooth
 transition from a real property  tax  based  funding  mechanism  to  the
 income  tax  based  funding mechanism. The results of the study shall be
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06305-01-5
              

 A. 3108                             2
 
 published no later than one year following the effective  date  of  this
 act.  A  copy  of  the  results  of such study shall be submitted to the
 governor, the temporary president of the senate, and the speaker of  the
 assembly.
   § 3. This act shall take effect immediately.