Allows alteration or repeal of real property tax exemptions for private institutions of higher education.

New York S01419 proposes an amendment to the state constitution to allow the alteration or repeal of real property tax exemptions for private institutions of higher education. The bill seeks to change the current law that exempts such properties from taxation, enabling the legislature to modify or eliminate these exemptions. This change would apply to real or personal property used exclusively for educational purposes by private institutions.

Allows alteration or repeal of real property tax exemptions for private institutions of higher education.

New York S01419 proposes an amendment to the state constitution to allow the alteration or repeal of real property tax exemptions for private institutions of higher education. The bill seeks to change the current law that exempts such properties from taxation, enabling the legislature to modify or eliminate these exemptions. This change would apply to real or personal property used exclusively for educational purposes by private institutions.