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NY S04207

Bill

Official Source

Status

Engrossed

6/19/2017

Primary Sponsor

Martin Dilan

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Authorizes the NYC Department of Finance to accept a late application or renewal application for real property tax exemption from Overcoming Love Ministries for tax years 2013, 2014, and 2015.

  • Applies to the property at 246 Jamaica Avenue in Brooklyn (Section 13, Block 3918, Lot 7), acquired by the ministry on June 23, 1999.

  • Requires the Department of Finance to review the late application as if it were timely filed and, upon City Council approval, grant exemption from all taxes and cancel unpaid taxes, fines, penalties, and interest.

  • Mandates the Department of Finance refund to any tax lien purchaser the consideration paid to the city plus reasonable interest and costs associated with the lien purchase and reconveyance.

  • Takes effect immediately upon enactment.

Legislative Description

Authorizes Overcoming Love Ministries to file an application for a real property tax exemption.

Last Action

referred to real property taxation

6/20/2018

Committee Referrals

Rules6/20/2018
Local Government1/3/2018
Real Property Taxation6/19/2017
Rules6/6/2017
Local Government2/6/2017

Full Bill Text

No bill text available