What's happening
This bill allows Farmingdale to apply retroactively for a property tax exemption on certain parcels for past tax years.
Why it matters
Offers financial relief to the Village of Farmingdale. by potentially refunding or canceling prior years’ property taxes, penalties, and interest on specific parcels, which could impact the village’s budget and future planning.
Sets a precedent for retroactive tax exemption applications. , signaling to other municipalities that legislative intervention can override filing deadlines in cases where a public entity missed an exemption, potentially increasing similar requests.
Shifts the financial burden. from the village government to the broader tax base in Nassau County, since taxes already paid or due on these properties could be canceled or refunded, possibly affecting school and county revenues.
Highlights the importance of administrative deadlines and legislative remedies. by showing how the state can grant exceptions for local governments, raising questions about fairness, consistency, and the process for handling similar cases in the future.
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Who cares
Headline styles
Retroactive Tax Break for Farmingdale
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Substituted by S7774
- Rules report cal.323
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Print number 9544a
- Amend (t) and recommit to real property taxation
- 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.
Retro Tax Break for Village
Signed by Governor · Sponsor Kemp Hannon
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
9544--A
IN ASSEMBLY
January 23, 2018
Introduced by M. of A. MONTESANO -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
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 Assembly, do enact as follows:
Section 1. Notwithstanding any other provision of law to the contrary, the assessor of the county of Nassau is hereby authorized to accept from the village of Farmingdale an application for exemption from real property taxes pursuant to section 406 of the real property tax law, with respect to the 2015-2016 assessment roll for a portion of the 2016 general taxes and the 2016-2017 school taxes, and the 2017 general taxes, for the parcels conveyed to such municipality located at 145 Main Street, village of Farmingdale, town of Oyster Bay, county of Nassau, otherwise known as Nassau county parcel ID section 49 block 73 lot 4, 137 Main Street, village of Farmingdale, town of Oyster Bay, county of Nassau, otherwise known as Nassau county parcel ID section 49 block 73 lot 9 and 145 Main Street, village of Farmingdale, town of Oyster Bay, county of Nassau, otherwise known as Nassau county parcel ID section 49 block 73 lot 10. If accepted, the application shall be reviewed as if it had been received on or before the taxable status date established for such roll.
If satisfied that such municipality would otherwise be entitled to such exemption if such municipality had filed an application for exemption by the appropriate taxable status date, the assessor, upon approval by the Nassau county legislature, may make appropriate correction to the subject rolls. If such exemption is granted and such municipality, therefore, shall have paid any tax with respect to the subject rolls, the applicable governing body or tax department may, in its sole discretion, provide for the refund of those taxes paid and cancel those taxes, fines, penalties, liens or interest remaining unpaid.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14020-03-8
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.