BILL NUMBER: S3922
SPONSOR: PALUMBO
 
TITLE OF BILL:
CONCURRENT RESOLUTION OF THE SENATE AND ASSEMBLY proposing an amendment
to section 14 of article 3 of the constitution, in relation to the
procedure for voting increases in the rate of state taxes
 
PURPOSE:
Requires two-thirds vote of the State Legislature for any increase,
extension, imposition or restoration of any tax, fee, assessment,
surcharge or any other such levy change, except any bill which results
from the passage of a home rule message.
 
SUMMARY OF PROVISIONS:
This legislation is a constitutional amendment which would require a
two-third's majority vote, rather than a simple majority vote in the
Senate and Assembly for any increase, extension, imposition or restora-
tion of any tax, fee, assessment, surcharge or any other such levy
change, except any bill which results from the passage of a home rule.
 
JUSTIFICATION:
Currently, only a majority vote is required for legislation to be passed
which raises new revenue. This legislation would require broad and over-
whelming support for any revenue increase to ensure that the increased
revenue was truly vital to the entire State. It will be one more tool in
restraining the runaway budget spending that we saw over the past couple
of years and it will help curtail the use of New York's taxpayers as the
State's ATM.
 
LEGISLATIVE HISTORY:
2024 S.4594/A.5187; 2019-2020 S.7564; 2017-18 A.4669; 2015016 A.4665;
2013-14 S.1683.
 
FISCAL IMPLICATIONS:
Will force the State to live within its current means.
 
EFFECTIVE DATE:
In the State fiscal year that this amendment is ratified.