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A05807 Summary:

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A05807 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5807
 
                               2009-2010 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 20, 2009
                                       ___________
 
        Introduced  by M. of A. SWEENEY -- read once and referred to the Commit-
          tee on Real Property Taxation
 
        AN ACT in relation to permitting the Nigam Agam Sugam Sharnam,  Inc.  to
          file an application for a real property tax exemption
 
          The  People of the State of New York, represented in Senate and Assem-

        bly, do enact as follows:
 
     1    Section 1. Notwithstanding the provisions of any other law, the asses-
     2  sor of the Town of Babylon in the county of Suffolk is hereby authorized
     3  to accept from the Nigam Agam Sugam Sharnam,  Inc.  an  application  for
     4  exemption from real property taxes pursuant to section 420-a of the real
     5  property tax law for the 2009 assessment roll, for the parcel located at
     6  7  Gear  Avenue,  North  Lindenhurst,  section 125, block 1, lot 27.  If
     7  accepted, the application shall be reviewed as if it had  been  received
     8  on or before the taxable status date established for such roll.
     9    If  satisfied  that  the  Nigam  Agam Sugam Sharnam, Inc. (i) acquired
    10  title to the property for which it seeks exemption on February 14,  2006
    11  and  (ii)  would  otherwise be entitled to such exemption if such corpo-

    12  ration filed an application for the exemption on or before the appropri-
    13  ate taxable status date, the assessor, upon approval by the  town  board
    14  of  Babylon,  may  grant exemption from taxation on such assessment roll
    15  and make the appropriate corrections to the subject roll.  If  exemption
    16  is granted and such corporation, therefore, shall have paid any tax with
    17  respect  to  the  subject  roll,  the  applicable  governing body or tax
    18  departments, upon approval by the town board of the Town of Babylon,  in
    19  its  sole  discretion,  shall provide for the refund of any taxes, fines
    20  and penalties paid and cancel any taxes, fines and  penalties  remaining
    21  unpaid.
    22    § 2. This act shall take effect immediately.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.

                                                                   LBD08263-01-9