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Sponsors
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History
- Signed chap.66
- Delivered to governor
- Returned to assembly
- Passed senateVote 60–1
- 3rd reading cal.314
- Substituted for S6997A
- Referred to local government
- Delivered to senate
- Passed assembly
- Advanced to third reading cal.717
- Reported
- Reported referred to ways and means
Show 1 earlier action
- Referred to real property taxation
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Authorizes the Manhattan assessor to accept an application for exemption from real property taxes from Manhattan Youth Recreation and Resources, Inc. for a certain parcel of land
Senate Floor Calendar · Sponsor Daniel L. Squadron
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A9955
Title of bill
An act to authorize Manhattan Youth Recreations and Resources, Inc. to file an application for exemption from real property taxes
Purpose
This bill permits the city of New York to accept late applica- tions for certain real property tax exemptions for the 2007 and 2008 assessment rolls, and, if found eligible, to grant the exemptions and refund any excess property taxes paid by the tax-exempt organization.
Summary of provisions
This bill would authorize the Commissioner of the Department of Finance of the city of New York to accept from Manhat- tan Youth Recreations and Resources, Inc. an application for exemption from real property taxes pursuant to §420-a of the Real Property Tax Law. If satisfied that Manhattan Youth Recreations and Resources, Inc. would otherwise have been entitled to said exemption, the Commissioner of the Department of Finance, upon approval by the City Council of New York City, may grant exemption from all taxation with respect to the subject tax rolls and cancel taxes, fines, penalties and interest remaining unpaid, and make appropriate correction of the subject assess- ment rolls.
Justification
Manhattan Youth Recreations and Resources, Inc., a not- for-profit corporation, acquired title to a property in the city of New York, borough of Manhattan, that would otherwise be entitled to a tax exemption if such corporation had acquired the property on or before the taxable status date and filed the appropriate paperwork.
It is intended by this bill to undo the hardships that will be suffered if the organization is required to pay the property taxes due as described above.
Legislative history
New in 2010
Fiscal implications
None to the State
Effective date
Immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.