New York A04927 prohibits town, city, or county industrial development agencies from waiving taxes that would be received by a school district.
New York A04927 amends the general municipal law to prohibit town, city, or county industrial development agencies from waiving taxes that would be received by a school district. This bill ensures that such agencies cannot enter into agreements that require payment in lieu of taxes or waive any other tax that would otherwise go to a school district. The change takes effect immediately upon enactment.
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