Bill Text: NY A02424 | 2023-2024 | General Assembly | Introduced

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Bill Title: Eliminates the real property tax exemption for fire districts, fire protection districts and ambulance districts developed through industrial development agencies in certain counties.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-03 - referred to real property taxation [A02424 Detail]

Download: New_York-2023-A02424-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          2424

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 26, 2023
                                       ___________

        Introduced  by  M.  of  A. J. A. GIGLIO -- read once and referred to the
          Committee on Real Property Taxation

        AN ACT to amend the real property tax law, in relation to the real prop-
          erty tax exemption for industrial development agencies

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subdivision  1  of section 412-a of the real property tax
     2  law, as amended by chapter 372 of the laws of 1991, is amended  to  read
     3  as follows:
     4    1.  Real  property  owned by or under the jurisdiction, supervision or
     5  control of industrial development agencies  enumerated  in  the  general
     6  municipal  law  shall  be  entitled to such exemption as may be provided
     7  therein; except that in counties with a population of not less than  one
     8  million  four  hundred  ninety  thousand  nor more than one million five
     9  hundred ten thousand as  determined  by  the  latest  federal  decennial
    10  census,  such  real  property  shall  remain subject to taxation by fire
    11  districts, fire protection districts and ambulance districts.
    12    § 2. This act shall take effect immediately and shall apply to assess-
    13  ment rolls prepared on the basis of taxable status dates occurring on or
    14  after such date, but shall not apply to projects for  which  an  agency,
    15  through the issuance of its bonds, execution of leases or the passage of
    16  an  inducement resolution or bond resolution, has authorized any assist-
    17  ance prior to the date on which this act shall have become a law, wheth-
    18  er or not such projects are thereafter modified.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07167-01-3