What's happening
This bill allows Farmingdale to apply retroactively for property tax exemption on a specific parcel for certain past tax years.
Why it matters
Potential financial relief for Farmingdale. By allowing the village to apply retroactively for a tax exemption on a specific property, the bill could result in significant refunds or cancellation of past taxes, penalties, and interest, directly impacting the village’s budget and financial planning.
Sets a precedent for retroactive tax exemptions. If enacted, this bill could encourage other municipalities or property owners to seek similar retroactive exemptions, potentially impacting local tax rolls and county revenues.
Requires multiple layers of approval. The process outlined in the bill involves not only the assessor but also the Nassau county legislature and possibly the relevant tax departments, highlighting the importance of oversight and discretionary power in granting such exemptions and refunds.
Focuses on municipal property use. The exemption applies to a parcel owned by the municipality, underlining how local governments sometimes acquire properties that are, by law, eligible for exemptions but may miss technical filing deadlines—this bill addresses such administrative oversights.
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Who cares
Headline styles
Farmingdale Tax Exemption Approved
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Signed chap.439
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.327
- Substituted for A9574C
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 60–1
- Ordered to third reading cal.1584
- 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.
Retroactive Tax Exemption for Farmingdale
Assembly Floor Calendar · Sponsor Michael Montesano
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
7775
IN SENATE
February 22, 2018
Introduced by Sen. HANNON -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government
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 2016-2017 assessment roll for a portion of the 2016-2017 school taxes, a portion of the 2017 general taxes, and with respect to the 2017-2018 assessment roll, all of the 2017-2018 school taxes and all the 2018 general taxes, for the parcel conveyed to such municipality located at 254 Main Street, village of Farmingdale, town of Oyster Bay, county of Nassau, otherwise known as Nassau county parcel ID section 49 block 70 lot 399. 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.
LBD14018-05-8
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act authorizing the village of Farmingdale to receive retroactive real property tax exempt status
Purpose
This bill would authorize the Assessor of the County of Nassau to accept an application for exemption from real property taxes submitted by the Incorporated Village of Farmingdale.
Summary of provisions
Section one authorizes the Assessor of the County of Nassau to accept from the Incorporated Village of Farmingdale an application for exemption from real property taxes pursuant to section 406 of the real property tax law, with respect to 2016-2017 assessment roll for a portion of the 2016-2017 school taxes, a portion of the 2017 general taxes, and with respect to the 2017-2018 assessment roll, all of the 2017-2018 school taxes and all the 2018 general taxes, for the parcel conveyed to such municipality located at 254 Main Street, village of Farmingdale, town of Oyster Bay, county of Nassau, otherwise known as Nassau County parcel ID section 49 block 70 lot 399. If accepted, the application shall be reviewed as if it had been received on or before the taxable status date established for such roll.
Section two provides the effective date
Justification
Existing law authorizes tax exemptions to be granted after the taxable status date has passed if a bill is chaptered authorizing an assessor to accept a late application.
Legislative history
New Bill
Fiscal implications
None
Effective date
This act shall take place immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.