NY A05772

Removes the real property tax exemption for properties owned or controlled by industrial development agencies (IDAs) specifically for fire districts, fire protection districts, and ambulance districts

Applies only to counties with populations between 1,490,000 and 1,510,000 according to the latest federal decennial census (targeting a specific county, likely Suffolk County)

Takes effect immediately and applies to assessment rolls based on taxable status dates occurring on or after the effective date

Exempts existing IDA projects from the change, including any projects where bonds were issued, leases executed, or inducement/bond resolutions passed prior to the law's enactment

Introduced by Assembly Member Giglio and referred to the Committee on Real Property Taxation