Authorizes the Chabad of Sea Gate to receive retroactive real property tax exempt status

This bill allows the Chabad of Sea Gate in Brooklyn to receive a retroactive exemption from real property taxes for the 2024-2025 tax period. It authorizes the county assessor to treat the organization's application as if it had been submitted on time, provided the group meets the standard requirements for tax-exempt status. If approved by the New York City Council, the bill permits the refund of any taxes already paid and the cancellation of associated fines or penalties. The legislation applies specifically to the property located at 2930 West 37th Street and takes effect immediately upon passage.