Bill > A04569

This bill authorizes the assessor of Richmond County to accept a late application from the Silver Lake Foundation Inc. for an exemption from real property taxes for their property located at 203 Port Richmond Avenue, Staten Island, for the 2023 tax year. Normally, applications for such tax exemptions, which are typically granted to non-profit organizations for properties used for religious, charitable, hospital, educational, or governmental purposes under section 420-a of the real property tax law, must be filed by a specific "taxable status date." However, this bill allows the assessor to review the application as if it were filed on time. If the assessor determines the Silver Lake Foundation Inc. would have qualified for the exemption had they applied by the deadline, and the New York City Council approves, the assessor can correct the tax records. If the foundation has already paid taxes for 2023, the relevant tax authority has the discretion to refund those payments and cancel any outstanding taxes, fines, penalties, liens, or interest.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4569