Permanently requires that the first installment of serial bonds mature not later than two years after the date of such bonds; provides that principal installments remaining unpaid on bonds may be called for redemption prior to their date of maturity in such amounts, at such times in such manner and pursuant to such terms as may be determined by the finance board of a municipality, school district or corporation at the time of the issuance thereof; repeals provisions that permanently eliminate the requirement that municipalities provide from current funds an amount equal to at least 5% of the estimated cost of each capital improvement (excluding from such cost state or federal grant funding and certain benefited area assessments) prior to the issuance of bonds or bond anticipation notes to finance such capital improvement.
Relates to extending the benefits of the STAR program to small businesses; defines small business as a business which employs one hundred persons or less.
Caps the amount of taxes a senior has to pay on his or her real property at the amount such individual paid in the year in which he or she turned 65; provides that the individual claiming the limitation must be the owner of the property and must reside in the property for at least seventy-five percent of the year.
Prohibits individuals in certain positions from taking any position with a business or entity doing business with an agency or industrial development authority.
Removes the requirement that where a municipal corporation, school district or district corporation issues indebtedness to finance certain costs of preparation of plans and specifications for a proposed capital improvement there must be a waiting period of at least one year authorizing the undertaking of the capital improvement.
Permits the town board of the town of East Hampton to provide health insurance coverage for enrolled members of the East Hampton Volunteer Ocean Rescue and Auxiliary Squad as is currently authorized for volunteer firefighters and volunteer ambulance workers.
Permits the village board of the village of Southampton to provide health insurance coverage for enrolled members of the Southampton Village Ocean Rescue as is currently authorized for volunteer firefighters and volunteer ambulance workers.
Establishes a vacant residential investment exemption in cities with a population of not less than seven thousand fifty and not more than seven thousand sixty, determined in accordance with the two thousand twenty census.
Relates to tax lien foreclosure; establishes senior, disabled, and veteran homeowner real property tax assistance program; establishes installment plans for certain real property taxes.