Relates to the limit upon real property tax levies by local governments; exempts real property owned by a city, town or village from taxes for infrastructure, road maintenance, snow removal, capital projects, consent order and smart growth initiative expenses and any extraordinary expenses required to respond to public health emergencies and pandemics.
Increases the real property tax circuit breaker credit income limits to $100,000; removes real property tax rebates from real property taxes that qualify under such credit.
Authorizes local governments to adopt a local law or ordinance requiring property owners to replace each tree removed from their property with up to three trees and authorizes the imposition of property tax credits and reasonable fines.