Bill S6997A-2009

Authorizes the Manhattan assessor to accept an application for exemption from real property taxes from Manhattan Youth Recreation and Resources, Inc. for a certain parcel of land

Authorizes the assessor of the borough of Manhattan to accept an application for exemption from real property taxes from Manhattan Youth Recreations and Resources, Inc. for a certain parcel of land located in the borough of Manhattan.

Details

Actions

  • Apr 7, 2010: SUBSTITUTED BY A9955
  • Mar 26, 2010: ADVANCED TO THIRD READING
  • Mar 25, 2010: 2ND REPORT CAL.
  • Mar 24, 2010: 1ST REPORT CAL.314
  • Mar 8, 2010: PRINT NUMBER 6997A
  • Mar 8, 2010: AMEND (T) AND RECOMMIT TO LOCAL GOVERNMENT
  • Mar 4, 2010: REFERRED TO LOCAL GOVERNMENT

Votes

VOTE: COMMITTEE VOTE: - Local Government - Mar 24, 2010
Ayes (6): Stewart-Cousins, Oppenheimer, Valesky, Thompson, Johnson C, Little
Nays (1): Bonacic
Excused (1): Morahan

Memo

 BILL NUMBER:  S6997A

TITLE OF BILL : An act to authorize Manhattan Youth Recreations and Resources, Inc. to file an application for exemption from real property taxes

PURPOSE : This bill permits the city of New York to accept late applications for certain real property tax exemptions for the 2007 and 2008 assessment rolls, and, if found eligible, to grant the exemptions and refund any excess property taxes paid by the tax-exempt organization.

SUMMARY OF PROVISIONS : This bill would authorize the Commissioner of the Department of Finance of the city of New York to accept from Manhattan Youth Recreations and Resources, Inc. an application for exemption from real property taxes pursuant to ยง420-a of the Real Property Tax Law. If satisfied that Manhattan Youth Recreations and Resources, Inc. 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.

JUSTIFICATION : Manhattan Youth Recreations and Resources, Inc., a not-for-profit corporation, acquired title to a property in the city of New York, borough of Manhattan, that would otherwise be entitled to a tax exemption if such corporation had acquired the property on or before the taxable status date and filed the appropriate paperwork.

It is intended by this bill to undo the hardships that will be suffered if the organization is required to pay the property taxes due as described above.

LEGISLATIVE HISTORY : New in 2010.

FISCAL IMPLICATIONS : None to the State.

EFFECTIVE DATE : Immediately.

Text

STATE OF NEW YORK ________________________________________________________________________ 6997--A IN SENATE March 4, 2010 ___________
Introduced by Sen. SQUADRON -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to authorize Manhattan Youth Recreations and Resources, Inc. to file an application for exemption from real property taxes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any other provision of law to the contrary, the commissioner of the New York city department of finance is hereby authorized to accept from Manhattan Youth Recreations and Resources Inc., a not-for-profit corporation, an application for exemption from real property taxes pursuant to section 420-a of the real property tax law for the 2007 and 2008 assessment rolls, for the parcel owned by such corporation in the city of New York, borough of Manhattan, designated as block 142, lot 1102 in such borough. If accepted, the application shall be reviewed as if it had been received on or before the taxable status date established for such assessment rolls. If satisfied that such corporation would otherwise be entitled to such exemption if such corporation had filed an application for exemption by the appropriate taxable status date, the commissioner of the New York city department of finance, upon approval by the city council of the city of New York, may grant exemption from all taxation with respect to the subject tax rolls due and owing by such corporation on the effective date of this act and cancel taxes, fines, penalties and interest remain- ing unpaid, and make appropriate correction of the subject assessment rolls. S 2. This act shall take effect immediately.

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