Lawmakers propose nixing property tax break for NYU, Columbia
Columbia and New York University, popular and prestigious universities as well as massive city landlords, pay very little in property taxes as nonprofits. But that would change under a new state law proposed Tuesday to eliminate their longtime tax break in order to channel more revenue to the public City…
Lawmaker seeks to end property tax exemptions for NYC’s private universities
State lawmakers have introduced a new proposal aimed at eliminating property tax exemptions for various private universities, notably targeting prestigious institutions such as NYU and Columbia University. The universities have reportedly saved hundreds of millions of dollars thanks to the tax exemptions, which they have then used to acquire additional…
New York University & Columbia University would lose tax exempt status under newly introduced bill
New York University and Columbia University are in danger of losing their tax exempt status, which translates to hundreds of millions of dollars a year. Columbia and NYU are known for many things -- excellent education, beautiful campuses, and not paying property taxes. According to the state constitution, they don't…
NYU and Columbia tax-exempt bill debate
FOX 5 NY's Sharon Crowley has the details on the bill and why the state senator sponsoring it says it's time for these schools to "pay up."
Lawmakers Looking To Blunt Budget Cuts at CUNY Focus on Property Tax Exemptions for Elite New York Universities
Two of the most elite universities in America — Columbia University and New York University — have become the targets of a new effort by state lawmakers who want the schools to pay their property taxes. They say the $327 million the schools owe could be used to fund the…
NY State could recoup millions in property tax breaks from Columbia, NYU under new bill
New York could recoup hundreds of millions in property tax exemptions from Columbia University and New York University under new state bills — and funnel those dollars into the city’s public university system. The two universities are currently spared from paying taxes totaling more than $320 million on their hundreds of private properties each year,…
Columbia, NYU Might Soon Lose Property Tax Exemptions
Columbia University and New York University may soon be required to pay hundreds of millions of dollars in property taxes, as state legislators seek to rescind the two private academic institutions’ long-standing property tax exemption. The measure, which will be introduced in the state Legislature on Tuesday, would require the…
This new bill could mean the end of a lofty property tax exemption for Columbia, NYU
State lawmakers will propose legislation this week to revoke the lofty property tax exemptions enjoyed by Columbia University and New York University (NYU), with the revenue from the wealthy institutions redirected to the financially embattled City University of New York (CUNY).
Columbia, NYU could lose longstanding property tax exemption under new bill
Both Columbia University and New York University could be forced to pay hundreds of millions of dollars in property taxes if state legislators are able to revoke a longstanding property tax exemption held by the two private academic institutions. The bill – which will be presented on Tuesday in the…
Columbia and N.Y.U. Would Lose $327 Million in Tax Breaks Under Proposal
Under the plan, the universities, which do not pay property taxes, would have to make payments to the City University of New York.
