NY S06067

Authorizes the NYC Department of Finance commissioner to accept a late application from Top Community Development Corporation for real property tax exemption under Section 420-a of the Real Property Tax Law for the 2019 assessment roll

Applies to property located at 1274 Utica Avenue in Kings County (Brooklyn), covering three parcels: block 4760 lot 12, block 4761 lot 53, and block 4761 lot 58

Requires the organization to demonstrate it acquired the property after the taxable status date for the 2019 roll but before the next roll's status date, and would otherwise qualify for the exemption

Grants the commissioner authority, with NYC Council approval, to provide tax exemption retroactive to the acquisition date and correct assessment records accordingly

Permits the Department of Finance to refund taxes already paid, including escrowed amounts, and cancel any unpaid taxes, fines, penalties, or interest at its discretion