Sign Up
A 11567 New York Assembly · 2025 Regular Session

Authorizes Top Community Development Corporation to file an application for a real property tax exemption

This bill allows the Top Community Development Corporation to apply for a real property tax exemption for a specific building in Brooklyn that it recently acquired. The legislation authorizes the city finance commissioner to review and approve this application retroactively, treating it as if it had been filed on time. If approved, the corporation could receive a refund of taxes already paid and have any associated fines or penalties canceled, provided the refund falls within a three-year limit. Essentially, the law creates a special pathway for this specific organization to correct a missed filing deadline and potentially recover past tax payments.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill grants a tax exemption and potential refund to a community development corporation, providing fiscal relief and funding for community development.85% confidence ✓ HousingSupports HousingBill provides tax exemption for a community development corporation, potentially aiding affordable housing development, though specific housing impact is not detailed.65% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2026
Committee Review
Floor Vote
Governor
Introduced Jun 2, 2026 Last action Jun 4, 2026
Maddy AI version diff · 1 comparison

What changed between versions

A11567 → A11567A · 2 edits
MINOR
The bill was amended to limit the tax refund and cancellation benefits to taxes paid within the three years immediately preceding the act's effective date. This change ensures that the financial relief provided by the bill applies only to recent tax liabilities rather than historical debts, preventing the use of the exemption to clear old unpaid taxes.
Scope change
The scope of the tax exemption was narrowed from potentially covering all unpaid taxes to strictly covering those imposed within the three years prior to the law taking effect.
ELIGIBILITY

Added a three-year lookback period, restricting refunds and cancellations to taxes paid or imposed within the three years before the act becomes effective.

Replaced the previous provision allowing the cancellation of all remaining unpaid taxes, fines, penalties, or interest with the new time-limited restriction.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
3
Key actions
2
Committee
1
Amendments
2
Jun 4, 2026
Lower · Passed
PRINT NUMBER 11567A
lower
Jun 4, 2026
Lower · Passed
AMEND AND RECOMMIT TO REAL PROPERTY TAXATION
lower
Jun 2, 2026
Committee
REFERRED TO REAL PROPERTY TAXATION
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.