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Bill

S 8280

Relates to a rebate against real property taxes for certain owners of real property in the city of New York

2025 Regular Session Introduced by Luis Sepúlveda

Proposes a rebate against New York City real property taxes for qualifying property owners, reducing their tax burden once eligibility rules and funding are defined.

PRINT NUMBER 8280A
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WeVote Research Nonpartisan
Bill Summary · S 8280

Summary of Bill S 8280 (S8280A)

Overview

  • Bill: S 8280 (amended version S8280A)
  • Title: Relates to a rebate against real property taxes for certain owners of real property in the city of New York
  • Sponsor: Senator Luis R. Sepúlveda (primary)
  • Companion: A 8806 (Assembly)
  • Status: Print Number 8280A (amended version)
  • Introduced: May 29, 2025
  • Legislative actions so far:
    • Referred to Cities 1 on May 29, 2025
    • Amendments and recomments to Cities 1 on June 11, 2025
    • Print Number 8280A issued on June 11, 2025

Purpose and Intent

  • The bill aims to provide a rebate against real property taxes for certain owners of real property located in New York City. The exact eligibility criteria, rebate amount, and administration are not specified in the material provided.

Key Provisions (as far as the available information shows)

  • Based on the title, the core concept is a property tax rebate targeting a subset of NYC real property owners.
  • Specific details that are typically critical to understanding a bill—such as:
    • who qualifies (owner types, property types, income or occupancy requirements)
    • the rebate calculation (percentage, maximum amounts, whether it applies to tax bills or post-assessment adjustments)
    • duration and budgetary limits
    • administration and enforcement
    • interaction with other relief programs — are not included in the provided text or version excerpt.

Who Is Affected

  • The intended beneficiaries are real property owners in the City of New York who meet the bill’s qualifications (as described in the would-be final text). The exact categories of owners and properties are not specified in the available materials.

Legislative History and Timeline

  • Introduced/First action: May 29, 2025 (referred to Cities 1)
  • Amendments: June 11, 2025 (amendments and recommitments to Cities 1)
  • Current version: S8280A (Print Number 8280A) as of June 11, 2025
  • Next steps (typical): If advanced, the bill would proceed through committee hearings and potentially floor votes in the Senate; the Assembly companion would go through its own committee process. Dates and outcomes depend on subsequent committee and chamber actions.

Related Legislation

  • Companion bill: A 8806 (Assembly)

Potential Impacts and Considerations

  • Financial: A property tax rebate program could reduce tax burdens for qualifying NYC property owners and influence city tax revenues and budget planning.
  • Administrative: Implementing a rebate would require defining eligibility, verification, and rebate delivery mechanisms.
  • Equity: Clarity on who benefits and how direct relief targets homeowners vs. other property owners will shape policy outcomes.

Notes

  • The provided materials do not include the bill’s full statutory text or the detailed provisions. Readers should consult the latest NY Senate bill text for S 8280/S8280A and any Assembly companion language (A 8806) for precise eligibility, rebate formulas, funding, and implementation details.

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

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