Assembly Bill A10550

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 7372                                                 A. 10550

                      S E N A T E - A S S E M B L Y

                              April 2, 2010
                               ___________

IN  SENATE -- Introduced by Sen. FARLEY -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

IN ASSEMBLY -- Introduced by M. of A. AMEDORE -- read once and  referred
  to the Committee on Real Property Taxation

AN  ACT to authorize New Creation in Christ Ministries to file an appli-
  cation for real property tax exemption

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any other provision of law to the contrary,
the  assessor  of the city of Schenectady is hereby authorized to accept
from New Creation  in  Christ  Ministries,  Inc.    an  application  for
exemption from real property taxes pursuant to section 420-a of the real
property  tax  law for the 2009 assessment rolls for the parcel owned by
such not-for-profit organization which is located in the city  of  Sche-
nectady, county of Schenectady at 1073 Howard Street, otherwise known as
section  49.55,  block 5, lot 30. If accepted, such application shall be
reviewed as if it had been received on or before the taxable status date
established for such rolls.
  If satisfied that New Creation  in  Christ  Ministries,  Inc.    would
otherwise  be  entitled to such exemption if it had filed an application
for exemption by the appropriate taxable status date,  the  assessor  of
the  city  of  Schenectady may upon approval by the city council of such
city, grant exemption from taxation based on the 2009  assessment  rolls
and  owing  by such not-for-profit organization on the effective date of
this act, and make appropriate correction of the subject rolls. If  such
exemptions  are  granted  and  if such not-for-profit organization shall
have paid any tax with respect to the subject rolls, the governing  body
or tax department may, in its sole discretion, provide for the refund of
such taxes paid and cancel taxes, fines, penalties or interest remaining
unpaid.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16353-01-0