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NY S04075
Bill
Status
Engrossed
5/29/2025
Primary Sponsor
Jessica Scarcella-Spanton
Click for details
AI Summary
- Authorizes the Richmond County assessor to accept a retroactive application from Silver Lake Foundation Inc. for real property tax exemption under section 420-a of the real property tax law
- Applies to the property at 203 Port Richmond Avenue, Staten Island (tax map section 5, block 1024, lot 3) for the 2022-2023 school taxes and 2023 general taxes
- Requires the application to be reviewed as if it had been filed by the original taxable status date
- Grants exemption contingent upon approval by the New York City Council and assessor determination that the organization would have qualified if timely filed
- Allows for refund of taxes already paid and cancellation of unpaid taxes, fines, penalties, liens, or interest at the discretion of the governing body or tax department
Legislative Description
Authorizes the assessor of Richmond county to grant the Silver Lake Foundation Inc. retroactive real property tax exempt status upon an application therefor.
Last Action
referred to real property taxation
2/5/2026
Committee Referrals
Real Property Taxation2/5/2026
Local Government1/7/2026
Real Property Taxation5/29/2025
Local Government1/31/2025
Full Bill Text
No bill text available