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.
Creates an enhanced real property tax circuit breaker credit.
Relates to certain qualifying property under brownfield redevelopment tax credits.
Increases the excess real property tax credit for certain qualified taxpayers.
Provides a real property tax relief credit and an enhanced real property tax circuit breaker credit for certain taxpayers who meet income requirements and other eligibility.
Increases from 20% to 100% the portion of real property taxes that a manufacturer may take as a business franchise or personal income tax credit.
Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.
Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year; applies only to class one and class two properties.
Prohibits the city of New York from increasing property taxes where a property's assessed value has decreased in the previous year; applies only to class one and class two properties.
Directs any moneys derived from new or increased taxes be used to reduce local real property taxes.