Eliminates nonprofit tax exemptions for entities engaged in political activity.

New York Assembly Bill A09067 amends the tax law and the real property tax law to eliminate tax exemptions for nonprofit organizations that engage in political activity. The bill defines political campaign activity and specifies activities that are per se violations of this provision. It also outlines permissible activities and safe harbors for organizations. The Department of Taxation and Finance is tasked with establishing rules and regulations to administer and enforce these provisions.

Eliminates nonprofit tax exemptions for entities engaged in political activity.

New York Assembly Bill A09067 amends the tax law and the real property tax law to eliminate tax exemptions for nonprofit organizations that engage in political activity. The bill defines political campaign activity and specifies activities that are per se violations of this provision. It also outlines permissible activities and safe harbors for organizations. The Department of Taxation and Finance is tasked with establishing rules and regulations to administer and enforce these provisions.