[Adopted 5-24-2018 by L.L. No. 9-2018]
The Village hereby establishes a Charitable Gifts Reserve Fund
to receive unrestricted charitable monetary contributions pursuant
to § 6-u of the General Municipal Law.
A.
The Village hereby authorizes Charitable Gifts Reserve Fund tax credits
for any owner of real property located within the Village who makes
an unrestricted charitable monetary contribution to the Village's
Charitable Gifts Reserve Fund.
B.
Any owner of real property located within the Village who makes an
unrestricted charitable monetary contribution to the Village's
Charitable Gifts Reserve Fund shall be issued a written acknowledgement
of such contribution and may claim a credit against such person's
Village real property taxes equal to 95% of that contribution.
C.
Such written acknowledgement shall be issued and signed by the Village
Treasurer and shall specify the amount of the contribution, the name
of the contributor, and the location of the contributor's property,
by both street address and section, block, and lot numbers as shown
on the Nassau County Land and Tax Map, the date the contribution was
received, and such other information as may be required by the State
or the Village Treasurer.
D.
After receiving such an acknowledgement, the property owner may present
it to the Village Treasurer on or before the last day prescribed by
law on which taxes may be paid without interest or penalty, together
with a credit claim on a form prescribed by the State, or, if none,
the Village Treasurer.
E.
Such credit claim form shall contain the name of the property owner
or owners, the date and amount of the contributions made to the account
during the associated credit year, the location of the contributor's
property, by both street address and section, block, and lot numbers
as shown on the Nassau County Land and Tax Map, to which the credit
claim relates, and such other information as may be required by the
State or Village Treasurer.
F.
Notwithstanding any provision of law to the contrary, the Village
Treasurer is authorized and directed to grant the property owner a
tax credit equal to 95% of the amount of the contributions made during
the associated credit year as specified on the acknowledgement, and
to reduce the tax liability on the parcel accordingly, provided that
such credit may not exceed the property taxes due or paid that are
attributable to the Village.
G.
For purposes of this section, the "associated credit year" shall be the twelve-month period during which the owner of the property has made a contribution described in Subsection A that ends on the last day prescribed by law on which Village taxes may be paid without interest or penalties.
H.
If a property owner submits a credit claim form to the Village Treasurer
prior to the Village Treasurer's receipt of the tax warrant,
the associated property tax bill shall reflect a reduction in the
tax liability equal to the credit authorized by this section.
I.
If the property owner fails to present the acknowledgment and credit
claim form to the Village Treasurer on or before the last day prescribed
by law on which taxes may be paid without interest or penalty, the
property owner may present the acknowledgment and credit claim form
to the Village Treasurer thereafter, but only at any time during the
three-year period beginning immediately after the last day such taxes
were payable without interest or penalty. In such event, the Village
Treasurer shall thereupon grant the property owner a refund of property
taxes in the amount of the credit, which amount shall be equal to
95% of the total contributions made during the associated credit year,
provided that such refund shall not exceed the property taxes that
were due and paid to the Village. No interest shall be payable on
such refund if the refund is paid within 45 days of the receipt of
the acknowledgment and credit claim form. No refund will be made pursuant
to any credit claim form after the end of said three-year period.
