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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A9955
- Advanced to third reading
- 2nd report cal.
- 1st report cal.314
- Print number 6997a
- Amend (t) and recommit to local government
- Referred to local government
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 Manhattan Youth Recreations and Resources, Inc. to file an application for exemption from real property taxes
Signed by Governor · Sponsor Sheldon Silver
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
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 applications 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 Manhattan 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 assessment 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.