NY A08946

Authorizes the Cattaraugus County assessor to accept a late real property tax exemption application from Olean Community Theatre, Inc. for the 2021-2022 assessment roll.

Applies exemption to all 2021-2022 school taxes and all 2022 general taxes for the property at 127 South Barry Street, City of Olean (Cattaraugus County parcel ID map 94.065 block 7 parcel 38).

Allows the application to be reviewed as if it had been timely filed by the taxable status date, provided the organization qualifies under section 420-a of the Real Property Tax Law.

Permits the assessor, upon approval by the City of Olean legislature, to make appropriate corrections to the tax roll if the exemption is granted.

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