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NY A01551
Bill
Status
1/17/2023
Primary Sponsor
Jonathan Rivera
Click for details
AI Summary
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Prohibits the formation of new industrial development agencies within Erie County, with only the Erie County Industrial Development Agency authorized to operate in the county.
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Restricts tax exemptions in Erie County to projects undertaken by the Erie County Industrial Development Agency, including exemptions from state sales and compensating use taxes, county real property taxes, village and school district real property taxes, and mortgage recording taxes.
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Allows town industrial development agencies in Erie County to grant real property tax relief only with explicit consent from the Erie County Industrial Development Agency, village, or school district on a project-by-project basis.
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Permits town industrial development agencies within Erie County to transfer their rights, obligations, duties, and assets to the Erie County Industrial Development Agency through cooperative agreements.
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Grandfathers existing town agencies (Town of Lancaster, Town of Clarence, Town of Amherst) and exempts projects approved by town industrial development agencies before the effective date of this act from the new restrictions.
Legislative Description
Restricts the formation of new development agencies in Erie County; limits the authority of town industrial development agencies located within Erie County to exempt certain taxes.
Last Action
referred to local governments
1/3/2024