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Sponsors
Senator · Senate District 17
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History
- Referred to real property taxation
- Delivered to assembly
- Passed senateVote 49–12
- Ordered to third reading cal.1610
- Committee discharged and committed to rules
- Referred to local government
- Returned to senate
- Died in assembly
- Referred to real property taxation
- Delivered to assembly
- Passed senateVote 54–9
- Ordered to third reading cal.1855
Show 2 earlier actions
- Committee discharged and committed to rules
- 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 Yeshiva Shareh Torah to file an application for real property tax exemption for certain assessment rolls
In Assembly Committee · Real Property Taxation · Sponsor Dov Hikind
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4172
Title of bill
An act to authorize Yeshiva Shareh Torah to file an application for exemption from real property taxes for certain assessment rolls
Purpose
The purpose of the bill is to permit the City of New York to accept late application from Yeshiva Shareh Torah for certain real property tax exemptions for the 1992/93 through 2007/08 assessment rolls and, if found eligible, to grant exemptions and to cancel all taxes, fines, penalties, and interest and make appropriate correction of the subject assessment rolls.
Summary of provisions
Section 1 authorizes the NYC Dept of Finance to accept an application for exemption from real property taxes pursuant to Section 420-a of the real property tax law for the 1992-93 through 2007-08 assessment rolls from the not-for-profit corporation Yeshiva Shareh Torah. This section further requests that the Department of Finance review the application as if it had been received on or before the taxable status date established for these assessment rolls. If satisfied that the Yeshiva Shareh Torah 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.
Section 2 is the enacting clause.
Justification
Yeshiva Shareh Torah, a not-for-profit corporation, acquired title to a property in the City of New York, borough of Brooklyn. However, due to administrative oversight, it failed to timely apply for real property tax exempt status in connection with the property. It is intended by this bill to undo the hardships that will be suffered if the organization is required to pay the property taxes, interest and penalties due in the sum of $67,347.00.
Fiscal implications
To be determined
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.