New York A 5772: Relates to certain real property tax exemptions for fire districts, fire protection districts and ambulance districts

Bill Text

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A05772 Summary:

BILL NOA05772 

&nbsp

SAME ASSAME AS S00458

&nbsp

SPONSORGiglio

&nbsp

COSPNSRDeStefano

&nbsp

MLTSPNSR

&nbsp

Amd §412-a, RPT L

&nbsp

Eliminates the real property tax exemption for fire districts, fire protection districts and ambulance districts developed through industrial development agencies in certain counties.

Go to top A05772 Actions:

BILL NOA05772 

&nbsp

02/20/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA05772 Committee&nbspVotes:

Go to topA05772 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA05772 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5772

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 20, 2025
 ___________

 Introduced by M. of A. GIGLIO -- 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:

 1 Section 1. Subdivision 1 of section 412-a of the real property tax
 2 law, as amended by chapter 372 of the laws of 1991, is amended to read
 3 as follows:
 4 1. Real property owned by or under the jurisdiction, supervision or
 5 control of industrial development agencies enumerated in the general
 6 municipal law shall be entitled to such exemption as may be provided
 7 therein; except that in counties with a population of not less than one
 8 million four hundred ninety thousand nor more than one million five
 9 hundred ten thousand as determined by the latest federal decennial
 10 census, such real property shall remain subject to taxation by fire
 11 districts, fire protection districts and ambulance districts.
 12 § 2. This act shall take effect immediately and shall apply to assess-
 13 ment rolls prepared on the basis of taxable status dates occurring on or
 14 after such date, but shall not apply to projects for which an agency,
 15 through the issuance of its bonds, execution of leases or the passage of
 16 an inducement resolution or bond resolution, has authorized any assist-
 17 ance prior to the date on which this act shall have become a law, wheth-
 18 er or not such projects are thereafter modified.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01619-01-5

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