NY A10431

Authorizes the assessor of the city of Albany to accept a late tax exemption application from Albany County for property located at 30 Clinton Avenue (section 76.26, block 1, lot 22) for the 2012 assessment roll.

Permits the assessor to review the late application as if it had been filed by the applicable deadline, notwithstanding normal filing deadlines.

Allows the assessor to grant tax exemption from the date the county acquired the property, with approval from the city of Albany common council, if the county meets eligibility requirements.

Entitles Albany County to a refund of any taxes paid on the property for the 2012 assessment roll, which may be obtained through set-off against monies owed by the county to the city.

Takes effect immediately upon enactment.