Bill Text: NY A03662 | 2019-2020 | General Assembly | Introduced

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Bill Title: Requires a study of the fiscal impacts of changing education funding from a real property tax-based mechanism to an income tax-based mechanism.

Spectrum: Slight Partisan Bill (Democrat 7-4)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A03662 Detail]

Download: New_York-2019-A03662-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          3662
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 30, 2019
                                       ___________
        Introduced  by  M.  of  A.  GUNTHER,  STECK,  GALEF, COOK, JAFFEE, RAIA,
          MONTESANO -- Multi-Sponsored by -- M. of A. CROUCH, GOTTFRIED,  PALUM-
          BO,  PEOPLES-STOKES -- read once and referred to the Committee on Ways
          and Means
        AN ACT directing the New York state department  of  education,  the  New
          York state department of taxation and finance, and the commissioner of
          taxation  and  finance to study the fiscal impact of funding education
          with state income tax
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Legislative findings. The legislature finds that within the
     2  current  education  funding  system,  which  is based upon real property
     3  taxation, there are inherent inequities throughout the  state.  Children
     4  in  different  regions of the state receive varying degrees of education
     5  and ability to participate in extracurricular activities.  The  legisla-
     6  ture  finds  that  children  should  not  be  penalized based upon their
     7  geographic location, a factor that is well beyond their control.  There-
     8  fore, the legislature intends to determine a method of funding education
     9  that allows all children to receive the same educational  and  extracur-
    10  ricular opportunities.
    11    §  2.  The New York state department of education and the commissioner
    12  of taxation and finance are hereby authorized and directed to assist the
    13  New York state department of taxation and finance in preparing a compre-
    14  hensive study documenting the fiscal implications of using state  income
    15  taxes to fund education in lieu of using real property taxes.
    16    Such  study  shall  consider the fiscal impacts on a broad spectrum of
    17  geographic regions throughout the state. The  study  should  address  as
    18  many  of  the  inequities in the current education funding system as the
    19  department of education, the commissioner of taxation and  finance,  and
    20  the  department  of  taxation and finance can identify. The study should
    21  include legislative recommendations that  would  help  ensure  a  smooth
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01104-01-9
        A. 3662                             2
     1  transition  from  a  real  property  tax  based funding mechanism to the
     2  income tax based funding mechanism. The results of the  study  shall  be
     3  published  no  later  than one year following the effective date of this
     4  act.  A  copy  of  the  results  of such study shall be submitted to the
     5  governor, the temporary president of the senate, and the speaker of  the
     6  assembly.
     7    § 3. This act shall take effect immediately.