Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
7685
2025-2026 Regular Sessions
I N S E N A T E
April 29, 2025
___________
Introduced by Sen. PERSAUD -- read twice and ordered printed, and when
printed to be committed to the Committee on Cities 1
AN ACT to amend the real property tax law, in relation to increasing the
amount of the childcare center tax abatement for certain properties in
a city having a population of one million or more
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraphs (a), (b) and (c) of subdivision 2 of section
499-bbbbb of the real property tax law, as added by section 1 of part HH
of chapter 59 of the laws of 2022, are amended to read as follows:
(a) (I) Beginning in the tax year commencing on or after July first,
two thousand twenty-three, the amount of such tax abatement provided to
an eligible building described in subdivision one of this section shall
be equal to the costs incurred in the construction, conversion, alter-
ation or improvement that has resulted in the creation of a premises of
a childcare center or in an increase in the maximum number of children
allowed on the premises of an existing childcare center, provided that
such costs are certified in accordance with paragraph (d) of subdivision
two of section four hundred ninety-nine-ccccc of this title, and
provided further that, during the abatement period[,]: (A) the amount of
such abatement shall not exceed thirty-five dollars for each square foot
of the premises, nor exceed one hundred thousand dollars, FOR A TAX
ABATEMENT INITIALLY TAKEN IN A TAX YEAR COMMENCING PRIOR TO JULY FIRST,
TWO THOUSAND TWENTY-FIVE; AND (B) THE AMOUNT OF SUCH ABATEMENT SHALL NOT
EXCEED THIRTY-FIVE DOLLARS FOR EACH SQUARE FOOT OF THE PREMISES, NOR
EXCEED THREE HUNDRED FIFTY THOUSAND DOLLARS, FOR A TAX ABATEMENT
INITIALLY TAKEN IN A TAX YEAR COMMENCING ON OR AFTER JULY FIRST, TWO
THOUSAND TWENTY-FIVE.
[(i)] (II) For any tax year, such abatement shall not exceed seven
dollars for each square foot of the premises, provided that such amount
may be reduced as a result of an allocation of available funds for such
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11224-01-5
S. 7685 2
abatement pursuant to paragraph (d) of this subdivision; and provided,
further, that: (A) the amount of such tax abatement in any tax year
shall not exceed the lesser of [(A)] (I) twenty thousand dollars, or
[(B)] (II) the real property tax liability for the eligible building in
the tax year in which such tax abatement is taken, FOR A TAX ABATEMENT
INITIALLY TAKEN IN A TAX YEAR COMMENCING PRIOR TO JULY FIRST, TWO THOU-
SAND TWENTY-FIVE; AND (B) THE AMOUNT OF A TAX ABATEMENT IN ANY TAX YEAR
SHALL NOT EXCEED THE LESSER OF (I) SEVENTY THOUSAND DOLLARS, OR (II) THE
REAL PROPERTY TAX LIABILITY FOR THE ELIGIBLE BUILDING IN THE TAX YEAR IN
WHICH SUCH TAX ABATEMENT IS TAKEN, FOR A TAX ABATEMENT INITIALLY TAKEN
IN A TAX YEAR COMMENCING ON OR AFTER JULY FIRST, TWO THOUSAND TWENTY-
FIVE.
[(ii)] (III) To the extent the amount of such tax abatement exceeds:
(A) the lesser of [(A)] (I) twenty thousand dollars, or [(B)] (II) the
real property tax liability of the eligible building in any tax year,
FOR A TAX ABATEMENT INITIALLY TAKEN IN A TAX YEAR COMMENCING PRIOR TO
JULY FIRST, TWO THOUSAND TWENTY-FIVE; OR (B) THE LESSER OF (I) SEVENTY
THOUSAND DOLLARS, OR (II) THE REAL PROPERTY TAX LIABILITY OF THE ELIGI-
BLE BUILDING IN ANY TAX YEAR, FOR A TAX ABATEMENT INITIALLY TAKEN IN A
TAX YEAR COMMENCING ON OR AFTER JULY FIRST, TWO THOUSAND TWENTY-FIVE,
any amount of such tax abatement that remains may be applied to the real
property tax liability of such building in succeeding tax years,
provided that such abatement must be applied to the real property tax
liability of such building in one or more of the four tax years succeed-
ing the tax year in which such tax abatement was initially taken.
(b) (I) Notwithstanding paragraph (a) of this subdivision, an enhanced
tax abatement shall be provided to an eligible building described in
subdivision one of this section that is located within a childcare
desert as described in this title and in any rules promulgated here-
under. Beginning in the tax year commencing on or after July first, two
thousand twenty-three, the amount of such enhanced tax abatement shall
be equal to the costs incurred in the construction, conversion, alter-
ation or improvement that has resulted in the creation of a premises of
a childcare center or in an increase in the maximum number of children
allowed on the premises of an existing childcare center, provided that
such costs are certified in accordance with paragraph (d) of subdivision
two of section four hundred ninety-nine-ccccc of this title, and
provided further that, during the abatement period[,]: (A) the amount of
such abatement shall not exceed seventy-five dollars for each square
foot of the premises nor exceed two hundred twenty-five thousand
dollars, FOR A TAX ABATEMENT INITIALLY TAKEN IN A TAX YEAR COMMENCING
PRIOR TO JULY FIRST, TWO THOUSAND TWENTY-FIVE; AND (B) THE AMOUNT OF
SUCH ABATEMENT SHALL NOT EXCEED SEVENTY-FIVE DOLLARS FOR EACH SQUARE
FOOT OF THE PREMISES NOR EXCEED SEVEN HUNDRED FIFTY THOUSAND DOLLARS,
FOR A TAX ABATEMENT INITIALLY TAKEN IN A TAX YEAR COMMENCING ON OR AFTER
JULY FIRST, TWO THOUSAND TWENTY-FIVE.
[(i)] (II) For any tax year, such abatement shall not exceed fifteen
dollars for each square foot of the premises, provided that such amount
may be reduced as a result of an allocation of available funds for such
abatement pursuant to paragraph (d) of this subdivision; and provided
further that: (A) the amount of such enhanced tax abatement in any tax
year shall not exceed the lesser of [(A)] (I) forty-five thousand
dollars, or [(B)] (II) the real property tax liability for the eligible
building in the tax year in which such tax abatement is taken, FOR A TAX
ABATEMENT INITIALLY TAKEN IN A TAX YEAR COMMENCING PRIOR TO JULY FIRST,
TWO THOUSAND TWENTY-FIVE; AND (B) THE AMOUNT OF SUCH ENHANCED TAX ABATE-
S. 7685 3
MENT IN ANY TAX YEAR SHALL NOT EXCEED THE LESSER OF (I) ONE HUNDRED
FIFTY THOUSAND DOLLARS, OR (II) THE REAL PROPERTY TAX LIABILITY FOR THE
ELIGIBLE BUILDING IN THE TAX YEAR IN WHICH SUCH TAX ABATEMENT IS TAKEN,
FOR A TAX ABATEMENT INITIALLY TAKEN IN A TAX YEAR COMMENCING ON OR AFTER
JULY FIRST, TWO THOUSAND TWENTY-FIVE.
[(ii)] (III) To the extent the amount of such enhanced tax abatement
exceeds: (A) the lesser of [(A)] (I) forty-five thousand dollars, or
[(B)] (II) the real property tax liability of the eligible building in
any tax year, FOR A TAX ABATEMENT INITIALLY TAKEN IN A TAX YEAR COMMENC-
ING PRIOR TO JULY FIRST, TWO THOUSAND TWENTY-FIVE; OR (B) THE LESSER OF
(I) SEVENTY THOUSAND DOLLARS, OR (II) THE REAL PROPERTY TAX LIABILITY OF
THE ELIGIBLE BUILDING IN ANY TAX YEAR, FOR A TAX ABATEMENT INITIALLY
TAKEN IN A TAX YEAR COMMENCING ON OR AFTER JULY FIRST, TWO THOUSAND
TWENTY-FIVE, any amount of such tax abatement that remains may be
applied to the real property tax liability of such building in succeed-
ing tax years, provided that such abatement must be applied to the real
property tax liability of such building in one or more of the four tax
years succeeding the tax year in which the tax abatement was initially
taken.
(c) Notwithstanding paragraph (a) or (b) of this subdivision, the
aggregate amount of tax abatements authorized pursuant to this section
for any tax year shall be a maximum of twenty-five million dollars. No
tax abatements shall be authorized pursuant to this section for any tax
year commencing on or after July first, two thousand [thirty]
THIRTY-TWO.
§ 2. Subdivision 1 of section 499-ccccc of the real property tax law,
as added by section 1 of part HH of chapter 59 of the laws of 2022, is
amended to read as follows:
1. To obtain a tax abatement authorized by this title, an application
for tax abatement shall be filed with a designated agency no later than
the fifteenth of March before the tax year, commencing on the first of
July, for which the tax abatement authorized by this title is sought,
provided, however, that such application for tax abatement may not be
filed later than March fifteenth, two thousand [twenty-five] TWENTY-SEV-
EN.
§ 3. This act shall take effect immediately and shall be deemed to
have been in full force and effect on and after March 15, 2025.Every fact on this page links to its source, starting with the official bill record.