Extends a payment in lieu of taxes for Lido Beach in the town of Hempstead

This bill extends the expiration date for a payment-in-lieu-of-taxes agreement for Lido Beach property in Hempstead until June 30, 2027. It directly affects property owners at Lido Beach and the Town of Hempstead by maintaining their current tax payment arrangement. The key provision amends Section 2 of the 1978 law to change the end date from 2025 to 2027, ensuring the existing tax structure remains in place. The bill does not create new taxes or alter the payment terms.