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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to local government
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to authorize New Creation in Christ Ministries to file an application for real property tax exemption
Purpose
This bill permits the City of Schenectady to accept a late application for a certain real property tax exemption for the 2009 assessment roll, and, if found eligible, to grant the exemption and refund any excess property taxes paid by the tax-exempt organization.
Summary of provisions
This bill permits the Schenectady City Assessor to accept and evaluate an application for tax exemptions for the 2009 assessment roll even though the deadline for these applications has passed, and, if the Assessor finds that the entity and property are indeed tax exempt, permits the City to grant the exemption and refund any excess property taxes already paid.
Existing law
Under current law, there is no authority for the Assessor to accept and evaluate late applications. The owner of a property would be exempt pursuant to section 420-a of the Real Property Tax law or article 78 of the Civil Practice Law and Rules.
Justification
The New Creation in Christ Ministries, Inc. was not granted tax exempt status for the 2009 assessment rolls and must now rectify this situation by legislation. This not for profit entity provides valuable charitable services to many children and families in need. This property tax exemption will help enable them to continue providing services to the community.
Fiscal implications
None.
Local fiscal implications
Will restore real property tax exemptions which previously existed, returning relative shares of tax-exempt and taxpaying properties to their status in the prior years.
Effective date
Immediately, and applicable to the 2009 assessment roll.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.