Authorizes the town board of Southold, Suffolk County, to accept a refund application for real estate transfer tax paid by GKLF, LLC for a property.

New York Senate Bill S03254 authorizes the town board of Southold, Suffolk County, to accept an application for a refund from GKLF, LLC for the town real estate transfer tax paid on a specific property conveyed on June 22, 2021. The application will be reviewed as if the provisions of section 1449-ee of the tax law had been complied with before the conveyance date. If the town board determines that GKLF, LLC would have been entitled to an exemption, it may grant the refund. The act takes effect immediately and expires one year after it becomes law.

Authorizes the town board of Southold, Suffolk County, to accept a refund application for real estate transfer tax paid by GKLF, LLC for a property.

New York Senate Bill S03254 authorizes the town board of Southold, Suffolk County, to accept an application for a refund from GKLF, LLC for the town real estate transfer tax paid on a specific property conveyed on June 22, 2021. The application will be reviewed as if the provisions of section 1449-ee of the tax law had been complied with before the conveyance date. If the town board determines that GKLF, LLC would have been entitled to an exemption, it may grant the refund. The act takes effect immediately and expires one year after it becomes law.