Bill > S03254

This bill authorizes the Southold Town Board in Suffolk County to accept a tax refund application from GKLF, LLC for real estate transfer taxes paid on a specific property located at 7800 Alvahs Lane in Cutchogue. The bill provides a special exception to normal tax law procedures, allowing the town board to review and potentially refund transfer taxes paid on June 22, 2021, even if the original application did not strictly follow the required procedures under paragraph (j) of subdivision 2 of section 1449-ee of the tax law. If the town board determines that GKLF, LLC would have been eligible for a tax exemption had they properly filed before the property transfer, they can choose to grant a full refund of the taxes paid. The bill is temporary, taking effect immediately and expiring one year after becoming law, which means the special refund opportunity is time-limited.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S3254