Bill Text: NY A07012 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 7012

Introduced

Bill Title: Authorizes the town board of the town of Southold, county of Suffolk, to accept from GKLF II, 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 [A07012 Detail]

Download: New_York-2023-A07012-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          7012

                               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  II,  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;  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 II, 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 17155 County Road 48 in the  hamlet  of
     8  Cutchogue,  town  of  Southold,  county  of  Suffolk, otherwise known as
     9  Suffolk county tax map district 1000, section 101.00, block  01.00,  lot
    10  019.002.  If  accepted,  the  application  shall  be  reviewed as if the
    11  provisions of paragraph (j) of subdivision 2 of section 1449-ee  of  the
    12  tax law had 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.
                                                                   LBD10863-03-3