Bill > A05772

This bill eliminates a property tax exemption for fire districts, fire protection districts, and ambulance districts in specific counties with a population between 1.49 and 1.51 million people (likely referring to a particular county, such as Nassau County in New York). Currently, real property owned by or under the jurisdiction of industrial development agencies (IDAs) is exempt from certain property taxes. The bill would modify this exemption so that such properties would remain subject to taxation by fire districts, fire protection districts, and ambulance districts in the specified county population range. The change would apply to assessment rolls prepared based on taxable status dates after the bill becomes law, but would not affect projects that have already received assistance through IDA bonds, leases, or inducement resolutions prior to the bill's enactment. This modification aims to ensure that these special districts can continue to collect property tax revenues from properties developed through industrial development agencies.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5772