New York S 5412: Relates to farm worker meal and lodging minimum wage credits

Bill Text

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S05412 Summary:

BILL NOS05412 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORLANZA

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §3-d, Gen Muni L; amd §23, Munic Home R L

&nbsp

Limits, in cities having a population of one million or more, the annual increase in real property taxes.

Go to top S05412 Actions:

BILL NOS05412 

&nbsp

02/21/2025REFERRED TO CITIES 1

01/07/2026REFERRED TO CITIES 1

Go to topS05412 Committee&nbspVotes:

Go to topS05412 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS05412 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5412

 2025-2026 Regular Sessions

 IN SENATE

 February 21, 2025
 ___________

 Introduced by Sen. LANZA -- read twice and ordered printed, and when
 printed to be committed to the Committee on Cities 1

 AN ACT to amend the general municipal law and the municipal home rule
 law, in relation to establishing limitations upon real property tax
 levies in cities with a population of one million or more

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The general municipal law is amended by adding a new
 2 section 3-d to read as follows:
 3 § 3-d. Limitation upon real property tax levies by cities having a
 4 population of one million or more. 1. Unless otherwise provided by law,
 5 the amount of real property taxes that may be levied by or on behalf of
 6 any city having a population of one million or more shall not exceed the
 7 tax levy limitation established pursuant to this section.
 8 2. When used in this section:
 9 (a) "Allowable levy growth factor" shall be the lesser of: (i) one and
 10 two one-hundredths; or (ii) the sum of one plus the inflation factor;
 11 provided, however, that in no case shall the levy growth factor be less
 12 than one.
 13 (b) "Approved capital expenditures" means the expenditures associated
 14 with capital projects that have been approved by the qualified voters of
 15 the local government.
 16 (c) "Available carryover" means the sum of the amount by which the tax
 17 levy for the prior fiscal year was below the tax levy limit for such
 18 fiscal year, if any, but no more than one and one-half percent of the
 19 tax levy limit for such fiscal year.
 20 (d) "Capital tax levy" means the tax levy necessary to support capital
 21 expenditures, if any.
 22 (e) "Coming fiscal year" means the fiscal year of the local government
 23 for which a tax levy limitation shall be determined pursuant to this
 24 section.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09000-01-5

 S. 5412 2

 1 (f) "Inflation factor" means the quotient of: (i) the average of the
 2 national consumer price indexes determined by the United States depart-
 3 ment of labor for the twelve-month period ending six months prior to the
 4 start of the coming fiscal year minus the average of the national
 5 consumer price indexes determined by the United States department of
 6 labor for the twelve-month period ending six months prior to the start
 7 of the prior fiscal year, divided by: (ii) the average of the national
 8 consumer price indexes determined by the United States department of
 9 labor for the twelve-month period ending six months prior to the start
 10 of the prior fiscal year, with the result expressed as a decimal to four
 11 places.
 12 (g) "Local government" means a city having a population of one million
 13 or more.
 14 (h) "Prior fiscal year" means the fiscal year of the local government
 15 immediately preceding the coming fiscal year.
 16 (i) "Tax levy limitation" means the amount of taxes a local government
 17 is authorized to levy pursuant to this section, provided, however, that
 18 the tax levy limit shall not include the local government's approved
 19 capital tax levy, if any.
 20 3. (a) Beginning with the fiscal year that begins in two thousand
 21 twenty-six, no local government shall adopt a budget that requires a tax
 22 levy that is greater than the tax levy limitation for the coming fiscal
 23 year.
 24 (b) The state comptroller shall calculate the tax levy limitation for
 25 each local government by the one hundred twentieth day preceding the
 26 commencement of e