NY S07774

Authorizes the Nassau County assessor to accept a retroactive real property tax exemption application from the Village of Farmingdale for three parcels located at 145 Main Street (sections 49-73-4 and 49-73-10) and 137 Main Street (section 49-73-9) in Farmingdale, Town of Oyster Bay, Nassau County.

Allows the late exemption application to be reviewed as if filed by the taxable status date for the 2015-2016 assessment roll covering 2016 general taxes, 2016-2017 school taxes, and 2017 general taxes.

Requires Nassau County Legislature approval before the assessor may make corrections to the tax rolls if the Village would have qualified for the exemption under normal procedures.

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

Takes effect immediately upon enactment.