New York City Council Header
File #: Res 0802-2011    Version: * Name: Approving the granting of an exemption for real property taxes pursuant to section 420-a of the real property tax law. (A.4773-A)
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 4/28/2011
Enactment date: Law number:
Title: Resolution approving the granting of an exemption for real property taxes pursuant to section 420-a of the Real Property Tax Law, for the 2008, 2009, and 2010 assessment rolls for the parcel owned by the Foundation for Sephardic Studies, Inc. in the City of New York, borough of Brooklyn, designated on the tax map as block 07089, lot 07 in such borough, and the cancellation of taxes, fines, penalties and interest remaining unpaid, and the making of appropriate correction of the subject assessment rolls, if, upon accepting and reviewing the application or renewal application for such exemption, the Department of Finance is satisfied that such corporation would otherwise be entitled to such exemption if it had filed such application for exemption by the appropriate taxable status date, in accordance with, and upon the effective date of, the chapter law represented by Assembly Bill A. 4773-A.
Sponsors: Domenic M. Recchia, Jr., Leroy G. Comrie, Jr.
Council Member Sponsors: 2
Attachments: 1. Committee Report, 2. Hearing Transcript, 3. Hearing Transcript - Stated Meeting 4-28-11
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
4/28/2011*Domenic M. Recchia, Jr. City Council Approved, by CouncilPass Action details Meeting details Not available
4/28/2011*Domenic M. Recchia, Jr. City Council Referred to Comm by Council  Action details Meeting details Not available
4/28/2011*Domenic M. Recchia, Jr. City Council Introduced by Council  Action details Meeting details Not available
4/28/2011*Domenic M. Recchia, Jr. Committee on Finance Hearing on P-C Item by Comm  Action details Meeting details Not available
4/28/2011*Domenic M. Recchia, Jr. Committee on Finance P-C Item Approved by CommPass Action details Meeting details Not available
Preconsidered Res. No. 802
 
 
Resolution approving the granting of an exemption for real property taxes pursuant to section 420-a of the Real Property Tax Law, for the 2008, 2009, and 2010 assessment rolls for the parcel owned by the Foundation for Sephardic Studies, Inc. in the City of New York, borough of Brooklyn, designated on the tax map as block 07089, lot 07  in such borough, and the cancellation of  taxes, fines, penalties and interest remaining unpaid, and the making of appropriate correction of the subject assessment rolls, if, upon  accepting and reviewing the application or renewal application for such exemption, the Department of Finance is satisfied that such corporation would otherwise be entitled to such exemption if it had filed such application for exemption by the appropriate taxable status date, in accordance with, and upon the effective date of, the chapter law represented by Assembly Bill A. 4773-A.
 
 
By Council Members Recchia and Comrie
 
      Whereas, The Foundation for Sephardic Studies, Inc. is a not for profit corporation organized as a synagogue located at 718 Avenue S in the City of New York, borough of Brooklyn, designated on the tax map as block 07089, lot 07 in such borough; and
Whereas, In accordance with Assembly Bill A. 4773-A ("State legislation"), the Commissioner of the Department of Finance ("DOF") is authorized to accept an application for exemption from real property taxes pursuant to section 420-a of the Real Property Tax Law for the 2008, 2009, and 2010 assessment rolls for the parcel owned by such corporation; and
      Whereas, The State legislation provides that such application, if accepted, shall be reviewed as if it had been received on or before the taxable status date established by such assessment rolls; and
Whereas, Such State legislation also provides that if such corporation would otherwise be entitled to such exemption had such corporation filed such application or renewal application for exemption by the appropriate taxable status date, then the Commissioner of DOF, upon approval by the Council of the City of New York, may grant such exemption from all taxation with respect to the subject taxable assessment rolls due and owing on the effective date of such chapter law, and cancel taxes, fines, penalties and interest remaining unpaid, and make appropriate correction of the subject assessment rolls; now, therefore, be it
Resolved, That the Council of the City of New York hereby approves the granting of an exemption for real property taxes pursuant to section 420-a of the Real Property Tax Law, for the 2008, 2009, and 2010 assessment rolls for the parcel owned by the Foundation for Sephardic Studies, Inc. in the City of New York, borough of Brooklyn, designated on the tax map as block 07089, lot 07  in such borough, and the cancellation of  taxes, fines, penalties and interest remaining unpaid, and the making of appropriate correction of the subject assessment rolls, if, upon  accepting and reviewing the application or renewal application for such exemption, the Department of Finance is satisfied that such corporation would otherwise be entitled to such exemption if it had filed such application for exemption by the appropriate taxable status date, in accordance with, and upon the effective date of, the chapter law represented by Assembly Bill A. 4773-A.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                    
 
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4-14-11