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Sponsors
No co-sponsors yet.
History
- Referred to real property taxation
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Eliminates the real property tax exemption for fire districts, fire protection districts and ambulance districts developed through industrial development agencies
In Senate Committee · Local Government · Sponsor Kenneth P. LaValle
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A9820
Title of bill
An act to amend the real property tax law, in relation to the real property tax exemption for industrial development agencies
Purpose or general idea of bill
To cease the real property tax exemptions covering fire and emergency services granted to Industrial Development Agency projects.
Summary of specific provisions
This bill would amend section 412(a) of the Real Property Tax Law by requiring Industrial Development Agency projects to be subject to Fire District and Ambulance District taxes.
Existing law
Section 4I2(a) of the Real Property Tax Law currently exempts IDA projects from all real property taxes.
Justification
When a project is being built by an IDA, the need for emergency services is immediate. The Districts providing fire and ambu- lance services typically comprise only a portion of a town so the impact and burden to provide these services falls on fewer taxpayers although the economic benefits enrich the entire town or county. Also projects which include industrial and business development often require the fire districts and ambulance services to purchase additional equipment and conduct costly specialized training to cope with the needs of these new facilities.
Prior legislative history
2008: A.10407/S.7302 - remained in committee
Fiscal implications
None.
Local fiscal implications
None.
Effective date
This act shall take effect immediately and shall apply to assessment rolls prepared on the basis of taxable status dates occur- ring on or after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.