BILL NUMBER: S8330
SPONSOR: BYNOE
 
TITLE OF BILL:
An act in relation to authorizing the county of Nassau assessor to
accept an application for a retroactive real property tax exemption from
the Incorporated Village of Hempstead Community Development Agency
 
PURPOSE OR GENERAL IDEA OF BILL:
To grant a retroactive property tax exemption for all of the 2020-2021
school taxes and all of 2021 general taxes for the parcel owned by such
not-for profit corporation located at 40 Byrd Street, town of Hempstead,
county of Nassau, otherwise known as Nassau County tax map district
section 34 block 224 lot 21.
 
SUMMARY OF PROVISIONS:
Section one sets forth the authorization of Nassau County to accept the
real property tax exemption for certain property from the Incorporated
Village of Hempstead Community Development Agency.
Section two is the effective date.
 
JUSTIFICATION:
The Incorporated Village of Hempstead Community Development Agency is a
public benefit corporation established in 1964 under Title 15
Section 585-A of the General Municipal law of the State of New. York.
The Community Development Agency's function is to plan and implement
programs involving rehabilitation of both the residential and commercial
sectors of the Village, foster economic growth, provide assistance to
public service organizations, eliminate blight and improve opportunities
for low and moderate income citizens. The Village of Hempstead intends
to use the property located at 40 Byrd Street for affordable housing.
 
PRIOR LEGISLATIVE HISTORY:
New bill.
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None to the state.
 
EFFECTIVE DATE:
This act shall take effect immediately.