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Bill

A 1520

Discontinues certain real property tax exemptions for real property used for major league sports teams

2025 Regular Session Introduced by Alex Bores and 10 co-sponsors

A 1520 would remove specific real property tax exemptions for major league sports facilities, raising tax bills for owners and altering local revenue.

REFERRED TO REAL PROPERTY TAXATION
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WeVote Research Nonpartisan
Bill Summary · A 1520

Summary of Bill A 1520 — Discontinues certain real property tax exemptions for real property used for major league sports teams

What the bill would do (purpose and intent)

  • A 1520 would discontinue, i.e., remove, certain real property tax exemptions that currently apply to real property used for major league sports teams.
  • The bill’s aim is to end specific tax breaks for facilities and properties associated with major league sports teams, shifting them toward standard property taxation.

Key provisions (substantive changes)

  • The bill would revoke or limit exemptions that apply to real property used for major league sports teams. The exact exemptions targeted are not specified in the summary provided, but the overall effect is to reduce or eliminate such exemptions.
  • It would affect real property owned or used by major league sports teams where the exemptions are currently in place. The scope (which properties, how exemptions are determined, sunset provisions, or phase-in details) would be set forth in the bill’s text.

Who/what is affected

  • Real property used for major league sports teams (e.g., stadiums, arenas, training facilities, or related properties that currently benefit from real property tax exemptions under existing law).
  • Property owners and operators of major league sports facilities may see changes to their tax liabilities.
  • Local governments and municipalities that rely on property tax revenue could experience shifts in tax collections tied to these properties.

Procedural and timeline aspects

  • Status: Referred to the Real Property Taxation committee.
  • Introduced: January 10, 2025.
  • Legislative actions recorded on January 10, 2025: Referred to Real Property Taxation (noted twice in the provided record).
  • This placement indicates the bill is in early committee consideration and has not progressed to floor action.

Sponsors

  • Primary sponsor: David Weprin
  • Co-sponsors: Jo Anne Simon, Linda Rosenthal, Dana Levenberg, Jessica Gonzalez-Rojas, Zohran Mamdani, Tony Simone, Phara Souffrant Forrest, Phil Steck, Alex Bores, Steven Raga
  • The broad list of sponsors suggests cross-party or cross-assembly support and collaborative backing within the legislative body.

Related legislation

  • Prior-session related bills: A 3421, A 6597, A 5500, A 4206, A 9209, A 846
  • Companion bills: S 957 (listed as a companion in the provided information)
  • These related measures indicate a continuing legislative interest in adjusting or removing tax exemptions for major league sports properties across sessions and chambers.

Plain-language takeaway

  • If enacted, A 1520 would remove certain real property tax exemptions currently available to properties used by major league sports teams, potentially increasing property tax obligations for owners of such facilities and altering local revenue dynamics. The exact exemptions affected and any transition details would depend on the bill’s final text and any associated amendments.

Next steps for readers

  • Monitor committee hearings in Real Property Taxation for discussion, amendments, and potential amendments to the scope or timing.
  • Review the bill’s full text for specifics on which exemptions are targeted, any phased-in dates, and any protections or exemptions for existing agreements.
  • Consider fiscal impact analyses and local government revenue projections once a fiscal note or impact statement is released.

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

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