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Bill

A 8601

Authorizes New Hour for Women and Children LI, Inc. to receive retroactive real property tax exempt status

2025 Regular Session Introduced by Phil Ramos

Bill A 8601 grants New Hour for Women and Children LI, Inc. retroactive property tax exemption, easing financial burdens and enhancing support for women and children in need.

SIGNED CHAP.463
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WeVote Research Nonpartisan
Bill Summary · A 8601

Summary of Bill A 8601

Bill Information

  • Bill Number: A 8601
  • Title: Authorizes New Hour for Women and Children LI, Inc. to receive retroactive real property tax exempt status
  • Status: Signed into law as Chapter 463
  • Introduced: May 22, 2025

Purpose and Intent

Bill A 8601 aims to provide retroactive real property tax exempt status to New Hour for Women and Children LI, Inc., a nonprofit organization dedicated to supporting women and children in need. The intent of this legislation is to alleviate financial burdens on the organization, allowing it to allocate more resources towards its mission of providing essential services and support to vulnerable populations.

Key Provisions

  • Retroactive Tax Exemption: The bill grants New Hour for Women and Children LI, Inc. a retroactive exemption from real property taxes. This exemption applies to property taxes that have been assessed for prior years, thereby reducing the organization's financial liabilities.
  • Eligibility Criteria: The bill specifies that the organization must meet certain criteria to qualify for the exemption, ensuring that the benefits are directed towards entities that serve the public good.

Affected Parties

  • New Hour for Women and Children LI, Inc.: The primary beneficiary of this legislation, the organization will experience significant financial relief, enabling it to enhance its programs and services.
  • Local Government: The local government will see a reduction in tax revenue from the exempted property, which may impact budget allocations for public services.

Legislative Timeline

  • May 22, 2025: Bill introduced and referred to the Committee on Real Property Taxation.
  • June 5, 2025: Reported and referred to the Committee on Ways and Means.
  • June 9, 2025: Passed in the Assembly and delivered to the Senate.
  • June 11, 2025: Passed in the Senate and returned to the Assembly; substituted for S7543A.
  • October 9, 2025: Delivered to the Governor.
  • October 16, 2025: Signed into law as Chapter 463.

Related Bills

  • S 7543: A companion bill that aligns with the objectives of A 8601, further supporting the nonprofit sector in obtaining tax exemptions.

Conclusion

Bill A 8601 represents a significant step in supporting nonprofit organizations like New Hour for Women and Children LI, Inc. by providing them with the necessary financial relief through retroactive property tax exemptions. This legislation not only aids the organization in fulfilling its mission but also highlights the importance of supporting community-focused initiatives.

Compiled from official sources — confirm details with the bill’s official record.

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