New York Senate Bill S04325

New York 2025-2026 Regular Session

• Introduced: 2/4/25
• Refer: 2/4/25
• Engrossed: 6/4/25
• Refer: 6/4/25
• Refer: 1/7/26

Caption

Authorizes Powell House, in the village of Farmingdale, county of Nassau, to apply for and receive a retroactive property tax exemption with respect to the 2024-2025 school tax assessment rolls and the 2025 general tax assessment roll.

Summary

Bill S04325 authorizes the county assessor of Nassau to accept a retroactive application for a real property tax exemption from Powell House, a nonprofit organization located in Farmingdale. This exemption applies to the 2024 and 2025 assessment rolls, specifically concerning a portion of the school taxes for 2024-2025 and general taxes for 2025. The bill allows the assessor to treat the application as if it had been submitted on time, enabling Powell House to benefit from the tax exemption despite any delays in filing.

Impact

If enacted, this bill would create a specific exemption for Powell House from real property taxes, which could set a precedent for similar exemptions for other nonprofit organizations in Nassau County. It modifies the existing real property tax law by allowing for retroactive applications, potentially impacting the county's tax revenue and the financial obligations of local governments regarding tax refunds and cancellations.

Sentiment

The sentiment surrounding Bill S04325 appears to be largely positive, as evidenced by the unanimous votes in committee and the Senate floor, where it passed with a significant majority. The discussions indicate a recognition of the value that Powell House provides to the community, which likely contributed to the support for the bill.

Contention

There are no notable points of contention recorded in the discussions or voting history for this bill. The unanimous support in committee and the Senate indicates a consensus on the necessity and appropriateness of granting this exemption to Powell House.