Bill Text: NY S07773 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to authorizing the village of Farmingdale to receive retroactive real property tax exempt status for lots located at 387 Conklin Street, village of Farmingdale, town of Oyster Bay, county of Nassau.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2018-11-05 - SIGNED CHAP.344 [S07773 Detail]
Download: New_York-2017-S07773-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7773 IN SENATE February 22, 2018 ___________ Introduced by Sen. HANNON -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT authorizing the village of Farmingdale to receive retroactive real property tax exempt status 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 assessor of the county of Nassau is hereby authorized to accept from 3 the village of Farmingdale an application for exemption from real prop- 4 erty taxes pursuant to section 406 of the real property tax law, with 5 respect to the 2015-2016 assessment roll for a portion of the 2016 6 general taxes and the 2016-2017 school taxes, and the 2017 general 7 taxes, for the parcels conveyed to such municipality located at 387 8 Conklin Street, village of Farmingdale, town of Oyster Bay, county of 9 Nassau, otherwise known as Nassau county parcel ID section 49 block 76 10 lot 7. If accepted, the application shall be reviewed as if it had been 11 received on or before the taxable status dates established for such 12 rolls. 13 If satisfied that such municipality would otherwise be entitled to 14 such exemption if such municipality had filed an application for 15 exemption by the appropriate taxable status date, the assessor, upon 16 approval by the Nassau county legislature, may make appropriate 17 correction to the subject rolls. If such exemption is granted and such 18 municipality, therefore, shall have paid any tax with respect to the 19 subject rolls, the applicable governing body or tax department may, in 20 its sole discretion, provide for the refund of those taxes paid and 21 cancel those taxes, fines, penalties, liens or interest remaining 22 unpaid. 23 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14019-02-8