BILL NUMBER: S8962 Revised 02/11/26
SPONSOR: RHOADS
 
TITLE OF BILL:
An act in relation to authorizing the Telugu Literary and Cultural Asso-
ciation to receive retroactive real property tax exempt status
 
PURPOSE:
Authorizes the assessor of the county of Nassau to accept an application
for a real property tax exemption from the Telugu Literacy and Cultural
Association.
 
SUMMARY OF PROVISIONS:
Section 1. Notwithstanding any other provision of law to the contrary,
the assessor of the county of Nassau is hereby authorized to accept from
Telugu Literacy and Cultural Association, an application for exemption
from real property taxes pursuant to section 420-a of the real property
tax law with respect to the 2024-2025 assessment roll for all of the
2024-2025 school taxes and all of the 2026 general taxes. Parcel infor-
mation in the bill.
§ 2. This act shall take effect immediately.
 
JUSTIFICATION:
If not for acquiring this real property following the exemption applica-
tion deadline, this organization would otherwise be entitled to a full
real property tax exemption. This bill permits the assessor of the Coun-
ty of Nassau to accept the organization's application for exemption and
provide a retroactive exemption back to the time the not-for-profit
acquired the property.
 
LEGISLATIVE HISTORY:
New bill.
 
FISCAL IMPLICATIONS:
None.
 
EFFECTIVE DATE:
This act shall take effect immediately.