BILL NUMBER: S7110A

SPONSOR: THOMAS
 
TITLE OF BILL:

An act in relation to authorizing the Town of Oyster Bay to grant Sai
Mandir USA a real property tax exemption

 
PURPOSE OR GENERAL IDEA OF BILL:

Relates to authorizing Sai Mandir to receive retroactive real property
tax exempt status.

 
SUMMARY OF PROVISIONS:

Section 1 Notwithstanding any other provision of law to the contrary,
the assessor of the Town of Oyster Bay is hereby authorized to accept
from Nori Foundation d/b/a Sai Mandir USA, an application for exemption
from real property taxes pursuant to section 420-a of the Real Property
Tax Law, with respect to 2019-2020 assessment roll for a portion
2019-2020 school taxes and with respect to the 2019-2020 assessment roll
              

for a portion of the 2019 general taxes and all of the 2020 general
taxes for the parcel owned by such not-for-profit corporation which is
located at 57-59 West Old Country Road, town of Oyster Bay, county of
Nassau, otherwise known as Nassau County parcel ID section 46 block 260,
lot 105. If accepted, the application shall be reviewed as if it had
been received on or before the taxable status date established for such
rolls.

If satisfied that such organization would otherwise be entitled to such
exemption if such organization had filed an application for exemption by
the appropriate taxable status date, the assessor, upon approval by the
Town of Oyster Bay board, may grant exemption from taxation on such
assessment rolls and make the appropriate corrections of the subject
rolls.

Section 2 states effective date.

 
JUSTIFICATION:

Sai Mandir USA is a not-for-profit tax-exempt organization that serves
the needy in the fields of medical relief, education, and community
services since 1999. The organization was gifted property in the Town of
Oyster Bay, County of Nassau. The land is being. used for administrative
and community service purposes.

While the organization is qualified to apply for a tax exemption under
section 420 of the Real Property Tax Law, due to the timing of the
purchase, they could not apply for an exemption for the 2019 tax year.
As a result of being unable to file the property tax exemption, Sai
Mandir USA was liable for school and property taxes despite their not-
for-profit status. This legislation would allow the assessor to accept
and act on an application for these tax years, giving Sai Mandir USA the
tax relief they seek.

 
PRIOR LEGISLATIVE HISTORY:

New bill.

 
FISCAL IMPLICATIONS:

None noted to the State.

 
EFFECTIVE DATE:
This act shall take effect immediately.