Authorizes the Cong Ahavas Yisrael, Inc. to receive retroactive real property tax exempt status for the 2026 assessment roll and all of the 2025-2026 school taxes.
Assesses a 100% tax on distributions from the federal anti-weaponization fund; provides that such tax shall not be reduced pursuant to any deduction, exemption or credit.
This bill grants Cortland County the exclusive authority to collect an additional one percent sales tax without it being overridden by state preemption laws. The legislation amends the state tax code to ensure this specific local tax rate is calculated separately from the maximum allowable tax rate set by the state. By explicitly stating that the tax is not subject to preemption, the measure protects Cortland's ability to raise revenue independently from other local governments. This change directly affects businesses and consumers in Cortland County by allowing the county to maintain its own tax rate even if the state adjusts broader tax policies.
This bill allows the nonprofit organization Hachaim Veshalom to apply for a retroactive real property tax exemption for its building at 125 Cedarhurst Avenue in Cedarhurst. If approved by the Nassau County Legislature, the county assessor would treat the application as if it were filed on time, potentially correcting the tax rolls for the 2023 tax year. Should the exemption be granted, the organization could receive a refund of any taxes already paid and have related fines or penalties canceled.
This bill allows low-income housing tax credits to be transferred multiple times between different owners or entities, rather than being limited to a single transfer. It directly affects taxpayers who own interests in low-income housing buildings and the entities that receive these tax credits. The key provision permits a transferee to pass the credit on to another person or entity, provided the transfer is properly documented and does not affect the project's eligibility for program benefits. The changes apply to tax credits allocated under the public housing law, regardless of whether the projects are under construction, completed, or in pre-development stages.
Relates to treatment of gains from qualified opportunity zones in calculating taxable income; removes exclusion of gains on property in qualified opportunity zones in calculation of income.
Enacts the "food retail establishment subsidization for healthy communities act" (FRESH Communities); provides loans, loan guarantees, interest subsidies and grants to businesses, municipalities, not-for-profit corporations or local development corporations for the purpose of attracting, maintaining or permitting the expansion of food retail establishments in underserved areas.
Establishes a clinical preceptorship personal income tax credit for certain health care professionals who provide preceptor instruction to students studying to be a health care professional.
Authorizes the assessor of the town of Babylon to accept from Christian Congregation of Long Island an application for exemption from real property taxes with respect to the 2023-2024 assessment rolls.
Authorizes the assessor of the county of Nassau to accept an application for a real property tax exemption from the Telugu Literary and Cultural Association for the property located at 1 North Village Green, hamlet of Levittown, town of Hempstead, county of Nassau.