NY S05402

Authorizes the assessor of the Town of Islip, Suffolk County to accept a late tax exemption application from Chabad of Islip Township, Inc., a not-for-profit corporation, for the 2019-2020 assessment roll.

Applies to the property located at 49 Union Avenue in Islip, identified as Suffolk County tax map district 0500, section 370.00, block 04.00, lot 031.002.

Permits the assessor to review the late application as if it had been timely filed by the taxable status date and may grant exemption upon approval of the Town of Islip town board.

Requires refund of all taxes, fines, and penalties paid by the corporation if exemption is granted, and cancels any remaining unpaid taxes.

Takes effect immediately upon enactment.