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Bill

A 898

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

2025 Regular Session Introduced by Rodneyse Bichotte Hermelyn and 11 co-sponsors

Allows New York lawmakers to alter or repeal real property tax exemptions for private colleges and universities, potentially raising campus taxes and affecting local revenue.

OPINION REFERRED TO JUDICIARY
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Bill Summary · A 898

Summary of New York Assembly Bill A 898

Overview

  • Bill Number: A 898
  • Title: Allows the alteration or repeal of real property tax exemptions for private institutions of higher education
  • Introduced: January 8, 2025
  • Primary Sponsor: Zohran Mamdani
  • Cosponsors: Sarahana Shrestha, Grace Lee, Marcela Mitaynes, Jessica Gonzalez-Rojas, Emily Gallagher, Phara Souffrant Forrest, Claire Valdez, Rodneyse Bichotte Hermelyn, Karines Reyes, Harvey Epstein, Ron Kim
  • Status: OPINION REFERRED TO JUDICIARY

What the bill would do

  • The bill “allows the alteration or repeal” of real property tax exemptions that currently apply to private institutions of higher education. In practical terms, it would authorize the Legislature to modify or rescind exemptions for real property—such as land and buildings—owned by private colleges and universities.
  • Specific mechanisms, criteria, timelines, and transitional provisions would be defined in the full text of the bill (not provided in the summary you gave). The summary indicates a change in how exemptions for private higher education properties could be adjusted or terminated.

Key provisions and changes (as indicated)

  • Authorization for alteration or repeal of existing exemptions from real property taxes for private higher education institutions.
  • The bill would presumably set forth the procedural steps, eligibility criteria, and any transitional rules, though these details are not included in the provided summary.
  • Possible interplay with existing tax law and how exemptions are granted, reviewed, or revoked would be addressed in the bill’s text.

Affected parties and potential impact

  • Private institutions of higher education in New York that currently receive real property tax exemptions.
    • Potentially higher property tax liabilities if exemptions are repealed or altered.
  • Municipalities and school districts that rely on property tax revenue.
    • Possible changes in tax revenue, which could affect local budgets and funding formulas.
  • Education sector stakeholders and advocates who weigh tax policy and the cost of higher education.

Procedural and timeline context

  • January 8, 2025: Referred to the Real Property Taxation committee.
  • January 9, 2025: Referred to the Attorney General for opinion.
  • January 29, 2025: Opinion referred to the Judiciary committee (noted twice in the actions listed).
  • The bill is in early-stage committee review and has not yet advanced to floor consideration as of the latest actions.

Related bills and context

  • A 8478 (prior-session)
  • S 1419 (companion; listed twice as companion)
  • These related bills suggest a broader legislative interest in revisiting real property tax exemptions for private higher education institutions across both chambers.

Next steps to monitor

  • Availability of the bill’s full text to review specific provisions, definitions, and transitional rules.
  • Any formal AG opinions and committee hearing schedule.
  • Movement in the Assembly Real Property Taxation committee and potential Senate companion actions.

If you’d like, I can compare A 898 to A 8478 and S 1419 once the full texts are available, to highlight exact provisions and differences.

Compiled from official sources — confirm details with the bill’s official record.

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