S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5748
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 17, 2021
                                ___________
 
 Introduced  by  Sen. PALUMBO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 
 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 THAT IN COUNTIES WITH A POPULATION OF NOT LESS THAN  ONE
 MILLION  FOUR  HUNDRED  NINETY  THOUSAND  NOR MORE THAN ONE MILLION FIVE
 HUNDRED TEN THOUSAND AS  DETERMINED  BY  THE  LATEST  FEDERAL  DECENNIAL
 CENSUS,  SUCH  REAL  PROPERTY  SHALL  REMAIN SUBJECT TO TAXATION BY FIRE
 DISTRICTS, FIRE PROTECTION DISTRICTS AND AMBULANCE DISTRICTS.
   § 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 have become a law, wheth-
 er or not such projects are thereafter modified.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08133-01-1