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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to local government
- Referred to local government
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S3522
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 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.
Legislative history
2011-12 S.3715/A.5817; 2009-10 S.1559/A.9820; 2007-08, S.7302/A.10407.
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.