Bill > S03512

This bill authorizes the Cattaraugus County assessor to accept a late tax exemption application from Olean Community Theatre, Inc. for their property located at 127 South Barry Street, despite missing the standard filing deadline. Specifically, the bill allows the organization to apply for a property tax exemption under section 420-a of the real property tax law for the 2021-2022 school taxes and 2022 general taxes. If the assessor determines that the organization would have qualified for the exemption had they filed on time, and the Olean legislature approves, the assessor can adjust the tax roll retroactively. Additionally, if the organization has already paid taxes for this period, the relevant governing body may refund those taxes or cancel any remaining unpaid taxes, fines, penalties, liens, or interest. The bill provides a one-time exception to standard tax exemption application procedures, offering relief to the Olean Community Theatre by allowing them to seek a tax exemption after the usual deadline.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S3512