Authorizes Top Community Development Corporation to apply for a real property tax exemption.

The bill authorizes the Top Community Development Corporation to file an application for a real property tax exemption. If the application is accepted, the exemption will apply as if it had been filed on time. The exemption covers taxes imposed within the three years before the act's effective date. If granted, the corporation may receive a refund for taxes paid and cancellation of any remaining taxes, fines, penalties, liens, or interest.

Authorizes Top Community Development Corporation to apply for a real property tax exemption.

The bill authorizes the Top Community Development Corporation to file an application for a real property tax exemption. If the application is accepted, the exemption will apply as if it had been filed on time. The exemption covers taxes imposed within the three years before the act's effective date. If granted, the corporation may receive a refund for taxes paid and cancellation of any remaining taxes, fines, penalties, liens, or interest.