Bill
S 4325
Bill S 4325 allows Powell House in Farmingdale to apply for a retroactive property tax exemption, easing financial burdens and supporting its operations.
Bill Number: S 4325
Title: Authorizes Powell House, in the village of Farmingdale, county of Nassau, to apply for a retroactive property tax exemption
Status: Referred to Real Property Taxation
Introduced: February 4, 2025
Classification: Bill
Bill S 4325 aims to provide Powell House, a property located in the village of Farmingdale, Nassau County, with the ability to apply for a retroactive property tax exemption. This legislation is intended to alleviate financial burdens on the property by allowing it to seek tax relief for previous years.
Retroactive Tax Exemption: The bill specifically authorizes Powell House to apply for a property tax exemption that would take effect retroactively. This means that the property could potentially receive tax relief for prior tax years, subject to approval by the relevant authorities.
Application Process: The bill outlines that Powell House must follow a specified application process to qualify for the exemption. Details regarding the criteria and documentation required for the application are not explicitly stated in the summary but would typically involve demonstrating eligibility based on the property's use and financial status.
Powell House: The primary beneficiary of this bill is Powell House, which may be a community organization, nonprofit, or similar entity that operates within the village of Farmingdale. The retroactive exemption could significantly impact its financial operations and sustainability.
Local Government: The local government in Farmingdale and Nassau County will be involved in processing the application and determining the eligibility for the tax exemption. This could affect local tax revenues depending on the outcome of the exemption application.
Bill S 4325 represents a targeted effort to support Powell House by enabling it to seek retroactive property tax relief. The successful passage of this bill could provide significant financial assistance to the property, allowing it to continue its operations without the burden of past property taxes. The bill is currently in the legislative process, having passed the Senate and awaiting further action in the Assembly.
Compiled from official sources — confirm details with the bill’s official record.
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