What's happening
This bill requires industrial development agency properties in certain large counties to remain taxable by fire and ambulance districts.
Why it matters
Ensures continued funding for emergency services. By keeping industrial development agency (IDA) properties taxable by fire and ambulance districts, the bill guarantees these local services don't lose revenue as a result of IDA-related tax exemptions, which can be significant in large counties.
Targets large, specific counties. The amendment only applies to counties within a precise population range (1.49 to 1.51 million), affecting places like Suffolk County. This focused scope means the change is meant to address a local funding issue without altering statewide policy.
Protects existing projects. The bill "grandfathers" in projects that have already received IDA assistance before the law’s enactment, preventing sudden, unplanned tax liabilities for those entities and maintaining stability for ongoing developments.
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Who cares
Headline styles
End Tax Breaks for Districts
Plain English, a few words. Used as the page title.
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.
End Tax Breaks for Districts
In Assembly Committee · Real Property Taxation · Sponsor Anthony H. Palumbo
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2757
2017-2018 Regular Sessions
IN SENATE
January 17, 2017
Introduced by Sen. LAVALLE -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government
AN ACT to amend the real property tax law, in relation to the real property tax exemption for industrial development agencies
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 1 of section 412-a of the real property tax law, as amended by chapter 372 of the laws of 1991, is amended to read as follows:
1. Real property owned by or under the jurisdiction, supervision or control of industrial development agencies enumerated in the general municipal law shall be entitled to such exemption as may be provided therein; except that in counties with a population of not less than one million four hundred ninety thousand nor more than one million five hundred ten thousand as determined by the latest federal decennial census, such real property shall remain subject to taxation by fire districts, fire protection districts and ambulance districts.
§ 2. This act shall take effect immediately and shall apply to assessment rolls prepared on the basis of taxable status dates occurring on or after such date, but shall not apply to projects for which an agency, through the issuance of its bonds, execution of leases or the passage of an inducement resolution or bond resolution, has authorized any assistance prior to the date on which this act shall become law, whether or not such projects are thereafter modified.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08132-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
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 in Suffolk County.
Summary of provisions
This bill would amend section 412(a) of the Real Property Tax Law by requiring Industrial Development Agency projects in Suffolk County to b subject to Fire District and Ambulance District 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
2015-16 S.5202A/A.7538A; 2013-14 S.3522; 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.