New York bill S02677 amends tax exemption policies to include projects providing onsite child care services.

New York bill S02677 amends the general municipal law and the public authorities law to include projects providing onsite child care services or facilitating new child care services into a uniform tax exemption policy. The bill requires the establishment of a uniform tax exemption policy with input from affected local taxing jurisdictions. This policy applies to financial assistance provisions and provides guidelines for claiming real property, mortgage recording, and sales tax exemptions.

New York bill S02677 amends tax exemption policies to include projects providing onsite child care services.

New York bill S02677 amends the general municipal law and the public authorities law to include projects providing onsite child care services or facilitating new child care services into a uniform tax exemption policy. The bill requires the establishment of a uniform tax exemption policy with input from affected local taxing jurisdictions. This policy applies to financial assistance provisions and provides guidelines for claiming real property, mortgage recording, and sales tax exemptions.