BILL NUMBER:A9820
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 OR GENERAL IDEA OF BILL: To cease the real property tax
exemptions covering fire and emergency services granted to Industrial
Development Agency projects.
SUMMARY OF SPECIFIC PROVISIONS: This bill would amend section 412(a) of
the Real Property Tax Law by requiring Industrial Development Agency
projects to be subject to Fire District and Ambulance District taxes.
EXISTING LAW: Section 4I2(a) of the Real Property Tax Law currently
exempts IDA projects from all real property taxes.
JUSTIFICATION: When a project is being built by an IDA, the need for
emergency services is immediate. The Districts providing fire and ambu-
lance 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.
S T A T E O F N E W Y O R K
________________________________________________________________________
9820
I N A S S E M B L Y
February 1, 2010
___________
Introduced by M. of A. ALESSI -- 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:
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 FOR FIRE DISTRICTS, FIRE PROTECTION DISTRICTS AND AMBU-
LANCE DISTRICTS.
S 2. This act shall take effect immediately and shall apply to assess-
ment 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 assist-
ance 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.
LBD04492-01-9
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