NY S07403

Authorizes the Nassau County assessor to accept a late real property tax exemption application from the Hebrew Academy of Nassau County for the 2009-2010 assessment roll for parcels at 243 Oak Street and 258 Warren Street in the town of Hempstead (section 44, block 37, lots 41-44 and 97-103).

Permits the assessor to review the late application as if it were timely filed, provided the school acquired the property between the 2009-2010 taxable status date and the next assessment roll's taxable status date.

Requires approval from the Nassau County Legislature before the assessor may grant the exemption, which would be effective from the date the school acquired the property.

Authorizes the county to refund any taxes already paid on the subject roll and cancel unpaid taxes, fines, penalties, or interest at the discretion of the governing body or tax department.

Takes effect immediately upon enactment.