A05772 Summary:
| BILL NO | A05772 |
| SAME AS | SAME AS S00458 |
| SPONSOR | Giglio |
| COSPNSR | |
| MLTSPNSR | |
| Amd §412-a, RPT L | |
| Eliminates the real property tax exemption for fire districts, fire protection districts and ambulance districts developed through industrial development agencies in certain counties. | |
A05772 Memo:
Go to topNEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
TITLE OF BILL: An act to amend the real property tax law, in relation to the real prop- erty 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 in Suffolk County. SUMMARY OF PROVISIONS: This bill would amend section 412(a) of the Real Property Tax Law by requiring Industrial Development Agency projects in Suffolk County to be subject to Fire District and Ambulance District taxes. JUSTIFICATION: When a project is being built by an IDA, the need for emergency services is immediate. The districts providing fire and ambulance services typi- cally 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. PRIOR LEGISLATIVE HISTORY: 2022 A.6804- held for consideration in real property taxation. FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS: None. EFFECTIVE DATE: Immediately.