[Adopted 6-12-2018 by L.L. No. 6-2018]
The Village of Rye Brook having previously established a Charitable
Gifts Reserve Fund to receive unrestricted charitable monetary contributions
pursuant to General Municipal Law § 6-u, it is the intent
of this article to allow donors to the Charitable Gifts Reserve Fund
to receive a credit for taxes levied against their real property.
This article is adopted pursuant to Real Property Tax Law § 980-a,
which authorizes municipal corporations to adopt a real property tax
credit if it has established a Charitable Gifts Reserve Fund.
A.
Having previously established a Charitable Gifts Reserve Fund, the
Board of Trustees of the Village of Rye Brook, County of Westchester,
hereby establishes a Charitable Gifts Reserve Fund tax credit for
the Village of Rye Brook.
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 their Village
real property tax equal to 95% of the Charitable Gifts Reserve Fund
donation.
C.
If an owner submits a credit claim form to the collecting officer prior to the collecting officer's receipt of the tax warrant, the associated property tax bill will be reduced equal to the credit authorized by Subsection B of this section.
D.
In no event shall a property owner's credit based upon his,
her or its contribution to the Charitable Gifts Reserve Fund exceed
his or her current year Village tax.
