What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
No co-sponsors yet.
History
- Referred to local government
- Referred to local government
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 Assembly Committee · Real Property Taxation · Sponsor Marc Alessi
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
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
To cease the real property tax exemptions covering fire and emergency services granted to Industrial Development Agency projects.
Summary of 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 412(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 ambulance 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.
Legislative history
2007-08: S.7302.
Fiscal implications
None.
Local fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.