S 10269 New York Senate · 2025 Regular Session

Relates to waiving school taxes by a town, city, or county industrial development agency

This bill prohibits town, city, or county industrial development agencies from waiving taxes that would otherwise go to a school district. It also stops these agencies from entering into agreements that require businesses to make payments in lieu of taxes when those funds are needed by schools. The rule applies immediately to all such agencies to ensure that school funding is not reduced by tax exemptions or alternative payment arrangements.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 11, 2026 Last action May 11, 2026