What's happening
This bill allows retroactive property tax exemption for BB/S Facilities Management Corporation for specified tax years in Nassau County.
Why it matters
Sets a precedent for retroactive tax relief. By allowing BB/S Facilities Management Corporation to apply for a property tax exemption after the usual deadline, this bill could encourage other nonprofits to seek similar retroactive relief, potentially impacting local tax rolls and administrative practices.
Potential financial impact on local budgets. If the exemption is granted and taxes are refunded or canceled, Nassau County and its school districts could see a reduction in collected revenues for the specified years, which may affect public services or require adjustments elsewhere.
Highlights the administrative discretion in tax matters. The bill gives both the assessor and local legislative bodies significant leeway to accept late applications and issue refunds, underscoring the flexibility local governments can exercise in property tax administration for nonprofits.
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Who cares
Headline styles
Grant Tax Exemption Retroactively
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Substituted by S5647B
- Ordered to third reading rules cal.518
- Rules report cal.518
- Reported
- Reported referred to rules
- Reported referred to ways and means
- Print number 7824a
- 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 Exemption for Nonprofit
Signed by Governor · Sponsor Anna Kaplan
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
7824--A
2019-2020 Regular Sessions
IN ASSEMBLY
May 23, 2019
Introduced by M. of A. RA -- 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 BB/S Facilities Management Corporation 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 BB/S Facilities Management Corporation an application for exemption from real property taxes pursuant to section 420-a of the real property tax law, with respect to the 2017-2018 assessment roll for: (i) part of the 2017 general taxes; (ii) all of the 2017-2018 school taxes; and (iii) all of the 2018 general taxes, for the parcel conveyed to such organization located at 25 Carle Road, town of North Hempstead, county of Nassau, otherwise known as Nassau county parcel ID section 10 block 288 lot 40. 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 not-for-profit organization would otherwise be entitled to such exemption if such not-for-profit organization 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 not-for-profit organization, 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.
LBD11927-03-9
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.