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 on Lido Beach property in the Town of Hempstead from June 30, 2025, to June 30, 2027. It directly affects the Town of Hempstead and the Lido Beach property, which currently receives tax payments instead of paying standard property taxes under a longstanding arrangement. The key provision simply modifies the end date in the existing 1978 law to maintain this tax payment structure for another two years.