Bill Text: NY S06589 | 2023-2024 | General Assembly | Introduced

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Bill Title: Authorizes the town board of the town of Southold, county of Suffolk, to accept from GKLF, LLC, grantee, an application for a refund from the town real estate transfer tax paid pursuant to section 1449-bb of the tax law for certain real property conveyed on June 22, 2021.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-03 - REFERRED TO LOCAL GOVERNMENT [S06589 Detail]

Download: New_York-2023-S06589-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6589

                               2023-2024 Regular Sessions

                    IN SENATE

                                     April 27, 2023
                                       ___________

        Introduced  by  Sen. PALUMBO -- read twice and ordered printed, and when
          printed to be committed to the Committee on Local Government

        AN ACT in relation to authorizing the town board of the  town  of  Sout-
          hold,  county of Suffolk, to accept from GKLF, LLC, grantee, an appli-
          cation for a refund from the town real estate transfer tax paid pursu-
          ant to section 1449-bb of  the  tax  law  for  certain  real  property
          conveyed  on  June  22,  2021;  and  providing  for the repeal of such
          provisions upon expiration thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Notwithstanding any other provision of law to the contrary,
     2  the  town  board  of  the town of Southold, county of Suffolk, is hereby
     3  authorized to accept from GKLF, LLC, grantee, a petition  for  a  refund
     4  from  the  town  real  estate  transfer tax, imposed pursuant to section
     5  1449-bb of the tax law, with respect to a conveyance  of  real  property
     6  occurring on June 22, 2021 for the parcel conveyed to such grantee, with
     7  such parcel having an address of 7800 Alvahs Lane in the hamlet of Cutc-
     8  hogue,  town  of Southold, county of Suffolk, otherwise known as Suffolk
     9  county tax map district 1000, section 101.00, block 01.00, lot  019.001.
    10  If  accepted,  the application shall be reviewed as if the provisions of
    11  paragraph (j) of subdivision 2 of section 1449-ee of  the  tax  law  had
    12  been complied with before June 22, 2021.
    13    If  satisfied  that  such  grantee would otherwise be entitled to such
    14  exemption if such grantee had complied with the provisions of  paragraph
    15  (j)  of  subdivision 2 of section 1449-ee of the tax law before June 22,
    16  2021, the town board of the town of Southold, may grant the  refund.  If
    17  the  refund  is  granted  and such grantee shall have paid the town real
    18  estate transfer tax, the town  board,  in  its  sole  discretion,  shall
    19  provide for the refund of the tax paid.
    20    §  2. This act shall take effect immediately and shall expire one year
    21  after it shall have become a law when upon such date the  provisions  of
    22  this act shall be deemed repealed.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10860-02-3