Bill > A08366

This bill extends the expiration date of a specific town law related to payments in lieu of taxes (PILOT) for the town of Hempstead from June 30, 2025 to June 30, 2027. PILOT agreements are arrangements where property owners make voluntary payments to local governments in exchange for municipal services, even though the properties might otherwise be tax-exempt. In this case, the law specifically pertains to properties acquired by the town of Hempstead for park or recreational purposes. By extending the sunset date, the town will continue to have the legal authority to negotiate and maintain these tax payment arrangements for such properties for an additional two years. The bill is a straightforward legislative amendment that simply updates the expiration date of an existing law, ensuring continuity of the town's current tax payment framework for park and recreational land acquisitions.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A8366