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NY S07163
Bill
Status
Introduced
5/18/2023
Primary Sponsor
Kevin Parker
Click for details
AI Summary
- Authorizes the NYC Department of Finance Commissioner to accept a late real property tax exemption application from Top Community Development Corporation for the 2019 assessment roll
- Property subject to exemption is located at 1274 Utica Avenue in Brooklyn (Kings County), identified as section 03 block 4760 lot 12, block 4761 lot 53, and block 4761 lot 58
- Exemption may be granted if the corporation acquired the property between the 2019 taxable status date and the subsequent assessment roll's taxable status date, and would otherwise qualify under Section 420-a of the Real Property Tax Law
- Exemption grant requires approval from the NYC City Council and would apply retroactively from the date of property acquisition
- Department of Finance may refund any taxes paid on the property and cancel unpaid taxes, fines, penalties, or interest in its discretion
Legislative Description
Authorizes Top Community Development Corporation to file an application for a real property tax exemption.
Last Action
REFERRED TO CITIES 1
1/3/2024
Committee Referrals
Cities 15/18/2023
Full Bill Text
No bill text available