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NY A06804
Bill
Status
Introduced
4/8/2021
Primary Sponsor
Jodi Giglio
Click for details
AI Summary
- Amends Real Property Tax Law Section 412-a to modify tax exemptions for properties owned by industrial development agencies in counties with populations between 1,490,000 and 1,510,000 (as determined by latest federal decennial census)
- Properties owned by industrial development agencies in these specified counties remain subject to taxation by fire districts, fire protection districts, and ambulance districts
- Takes effect immediately and applies to assessment rolls prepared on or after the effective date
- Does not apply retroactively to projects where an agency previously authorized assistance through bond issuance, lease execution, or inducement/bond resolutions prior to the law's enactment
Legislative Description
Eliminates the real property tax exemption for fire districts, fire protection districts and ambulance districts developed through industrial development agencies in certain counties.
Last Action
held for consideration in real property taxation
5/10/2022
Committee Referrals
Real Property Taxation4/8/2021
Full Bill Text
No bill text available