Bill Text: NY S01559 | 2009-2010 | General Assembly | Introduced

New York Senate Bill 1559 (Prior Session Legislation)

Introduced

Bill Title: Eliminates the real property tax exemption for fire districts, fire protection districts and ambulance districts developed through industrial development agencies.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO LOCAL GOVERNMENT [S01559 Detail]

Download: New_York-2009-S01559-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         1559
                              2009-2010 Regular Sessions
                                   I N  S E N A T E
                                   February 3, 2009
                                      ___________
       Introduced  by  Sen. LAVALLE -- 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:
    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 FOR FIRE DISTRICTS, FIRE PROTECTION DISTRICTS AND  AMBU-
    8  LANCE DISTRICTS.
    9    S 2. This act shall take effect immediately and shall apply to assess-
   10  ment rolls prepared on the basis of taxable status dates occurring on or
   11  after  such  date,  but shall not apply to projects for which an agency,
   12  through the issuance of its bonds, execution of leases or the passage of
   13  an inducement resolution or bond resolution, has authorized any  assist-
   14  ance  prior  to  the date on which this act shall become law, whether or
   15  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