BILL NUMBER: S7806

SPONSOR: CANZONERI-FITZPATRICK
 
TITLE OF BILL:

An act to amend chapter 676 of the laws of 1978, amending the town law
relating to payment in lieu of taxes for certain property in the town of
Hempstead, in relation to extending the expiration thereof

 
PURPOSE:

Extends a payment in lieu of taxes for Lido Beach in the town of Hemp-
stead

 
SUMMARY OF SPECIFIC PROVISIONS:

Section 1. Section 2 of chapter 676 of the laws of 1978, amending the
town law relating to payment in lieu of taxes for certain property in
the town of Hempstead, as amended by chapter 174 of the laws of 2023, is
amended to read as follows:

§ 2. This act shall take effect July 1, 1978 and shall be operative only
              

to and including June 30,  
2025) 2027.

§ 2. THIS ACT SHALL TAKE EFFECT IMMEDIATELY.

 
JUSTIFICATION:

THE TOWN OF HEMPSTEAD, HAVING ACQUIRED CERTAIN PROPERTY FOR PARK AND
RECREATIONAL PURPOSES IN LIDO BEACH KNOWN AS THE LIDO GOLF CLUB AND THE
LIDO CABANA CLUB SHALL HAVE THE POWER AND AUTHORITY WITH RESPECT TO SUCH
PROPERTY, TO PAY OR TRANSFER OUT OF ANY TOWN FUNDS AVAILABLE TO IT,
ANNUAL SUMS IN LIEU OF TAXES TO THE AFFECTED TAXING JURISDICTION, IN
ORDER THAT NONE OF SUCH TAXING JURISDICTION SHALL SUFFER AN INEQUITABLE
LOSS OF REVENUE BY VIRTUE OF SUCH PARK AND RECREATIONAL PROGRAM;
PROVIDED FURTHER, THAT THE AMOUNT SO PAID OR TRANSFERRED FOR ANY YEAR
SHALL NOT EXCEED THE SUM LAST LEVIED FOR THE BENEFIT OF SUCH TAXING
JURISDICTION AS AN ANNUAL TAX ON SUCH PROPERTY PRIOR TO THE TIME OF ITS
ACQUISITION FOR SUCH PURPOSES.

 
LEGISLATIVE HISTORY:

NEW BILL.

 
FISCAL IMPLICATIONS:

TO BE DETERMINED

 
EFFECTIVE DATE:
THIS ACT SHALL TAKE EFFECT IMMEDIATELY.