Bill Text: NY A07030 | 2023-2024 | General Assembly | Introduced

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Bill Title: Authorizes the town board of the town of Southold, county of Suffolk, to accept from GKLF, LLC, grantee, an application for a refund from the town real estate transfer tax paid pursuant to section 1449-bb of the tax law for certain real property conveyed on June 22, 2021.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-12 - reference changed to real property taxation [A07030 Detail]

Download: New_York-2023-A07030-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7030

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 10, 2023
                                       ___________

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

        AN  ACT  in  relation to authorizing the town board of the town of Sout-
          hold, county of Suffolk, to accept from GKLF, LLC, grantee, an  appli-
          cation for a refund from the town real estate transfer tax paid pursu-
          ant  to  section  1449-bb  of  the  tax  law for certain real property
          conveyed on June 22, 2021;  and  providing  for  the  repeal  of  such
          provisions upon expiration thereof

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Notwithstanding any other provision of law to the contrary,
     2  the town board of the town of Southold, county  of  Suffolk,  is  hereby
     3  authorized  to  accept  from GKLF, LLC, grantee, a petition for a refund
     4  from the town real estate transfer  tax,  imposed  pursuant  to  section
     5  1449-bb  of  the  tax law, with respect to a conveyance of real property
     6  occurring on June 22, 2021 for the parcel conveyed to such grantee, with
     7  such parcel having an address of 7800 Alvahs Lane in the hamlet of Cutc-
     8  hogue, town of Southold, county of Suffolk, otherwise known  as  Suffolk
     9  county  tax map district 1000, section 101.00, block 01.00, lot 019.001.
    10  If accepted, the application shall be reviewed as if the  provisions  of
    11  paragraph  (j)  of  subdivision  2 of section 1449-ee of the tax law had
    12  been complied with before June 22, 2021.
    13    If satisfied that such grantee would otherwise  be  entitled  to  such
    14  exemption  if such grantee had complied with the provisions of paragraph
    15  (j) of subdivision 2 of section 1449-ee of the tax law before  June  22,
    16  2021,  the  town board of the town of Southold, may grant the refund. If
    17  the refund is granted and such grantee shall have  paid  the  town  real
    18  estate  transfer  tax,  the  town  board,  in its sole discretion, shall
    19  provide for the refund of the tax paid.
    20    § 2. This act shall take effect immediately and shall expire one  year
    21  after  it  shall have become a law when upon such date the provisions of
    22  this act shall be deemed repealed.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10860-02-3