Extends the deadline for tax exemption applications for tax assessments for certain improved properties affected by Superstorm Sandy from March 1, 2020 until March 1, 2022.
STATE OF NEW YORK
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8647
IN SENATE
June 29, 2020
___________
Introduced by Sens. BROOKS, SANDERS -- read twice and ordered printed,
and when printed to be committed to the Committee on Rules
AN ACT to amend chapter 122 of the laws of 2015 relating to tax assess-
ments for certain improved properties affected by Superstorm Sandy, in
relation to extending the deadline for tax exemption applications
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivisions d and e of section 1 and section 2 of chapter
2 122 of the laws of 2015 relating to tax assessments for certain improved
3 properties affected by Superstorm Sandy, as amended by chapter 130 of
4 the laws of 2018, are amended to read as follows:
5 d. No such exemption shall be granted for reconstruction, alterations
6 or improvements unless commenced due to damage caused by Superstorm
7 Sandy, and reflected on a certificate of occupancy no later than March
8 1, [2020] 2022. The enactment of a local law or resolution granting the
9 exemption authorized pursuant to this act may limit eligibility for the
10 exemption to those forms of reconstruction, alterations or improvements
11 as are prescribed in such local law or resolution. Provided, however,
12 that in no case shall such exemption be granted for reconstruction,
13 alterations or improvements to aspects of a primary residence not in
14 existence or otherwise not a part of the primary residence prior to
15 October 29, 2012.
16 e. Application for such exemption shall be filed with the assessor of
17 an eligible municipality by the first of March after the adoption of a
18 local law or resolution pursuant to subdivision a of this section, or
19 the first of March of any subsequent year thereafter but no later than
20 March 1, [2020] 2022, on a form prescribed by the commissioner of taxa-
21 tion and finance.
22 § 2. This act shall take effect immediately and shall apply to
23 exemption applications made prior to the first of March next succeeding
24 the date on which this act shall have become a law and no later than
25 March 1, [2020] 2022, and any exemption once granted shall continue for
26 a period of up to eight prospective tax years as set forth in this act.
27 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15583-01-0