NY S06688

Authorizes the Nassau County assessor to accept a retroactive application from the Village of Russell Gardens for real property tax exemption under section 406 of the real property tax law.

Covers specific assessment rolls: part of 2013-2014 and all of 2014-2015 for school taxes; part of 2014 and all of 2015 for general taxes on four parcels (Nassau tax map section 2, block 243, lot 25; section 2, block 355, lots 51, 52, and 53).

Requires the late application to be reviewed as if filed by the taxable status date, subject to Nassau County Legislature approval.

Permits the assessor to grant full tax exemption and make corrections to assessment rolls if the village would have qualified had it timely filed.

Allows the governing body or tax department to refund taxes already paid and cancel any unpaid taxes, fines, penalties, interest, or tax liens at its discretion.