Bill Text: NY S05803 | 2011-2012 | General Assembly | Introduced

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Bill Title: Authorizes the assessor of the borough of Brooklyn to accept an application for exemption from real property taxes from Foundation for Sephardic Studies, Inc. for a certain parcel of land located in the borough of Brooklyn.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2011-08-03 - SIGNED CHAP.362 [S05803 Detail]

Download: New_York-2011-S05803-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5803
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                     June 17, 2011
                                      ___________
       Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
         printed to be committed to the Committee on Rules
       AN ACT to authorize Foundation for Sephardic Studies  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:
    1    Section 1. Notwithstanding any other provision of law to the contrary,
    2  the commissioner of the New York city department of  finance  is  hereby
    3  authorized  to accept from Foundation for Sephardic Studies Inc., a not-
    4  for-profit corporation, an application for exemption from real  property
    5  taxes  pursuant  to  section  420-a of the real property tax law for the
    6  2008, 2009 and 2010 assessment rolls,  for  the  parcel  owned  by  such
    7  corporation  in the city of New York, borough of Brooklyn, designated as
    8  block 07089, lot 07 in such borough. If accepted, the application  shall
    9  be  reviewed  as if it had been received on or before the taxable status
   10  date established for such assessment rolls.
   11    If satisfied that such corporation would otherwise be entitled to such
   12  exemption if such corporation had filed an application for exemption  by
   13  the  appropriate  taxable  status date, the commissioner of the New York
   14  city department of finance, upon approval by the  city  council  of  the
   15  city  of New York, may grant exemption from all taxation with respect to
   16  the subject tax rolls due and owing by such corporation on the effective
   17  date of this act and cancel taxes, fines, penalties and interest remain-
   18  ing unpaid, and make appropriate correction of  the  subject  assessment
   19  rolls.
   20    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07092-04-1