Extends the expiration of payments in lieu of taxes for Lido Beach in Hempstead until June 30, 2027.

New York Assembly Bill A08268 amends the town law to extend the expiration of payments in lieu of taxes for certain property in the town of Hempstead, specifically for Lido Beach, until June 30, 2027. This bill modifies the existing law, originally set to expire on June 30, 2025, by pushing the expiration date two years later. The change is intended to provide continued financial support to the local government from these payments, which substitute for property taxes on certain properties.

Extends the expiration of payments in lieu of taxes for Lido Beach in Hempstead until June 30, 2027.

New York Assembly Bill A08268 amends the town law to extend the expiration of payments in lieu of taxes for certain property in the town of Hempstead, specifically for Lido Beach, until June 30, 2027. This bill modifies the existing law, originally set to expire on June 30, 2025, by pushing the expiration date two years later. The change is intended to provide continued financial support to the local government from these payments, which substitute for property taxes on certain properties.