Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to real property taxation |
Jun 03, 2021 |
print number 7776a |
Jun 03, 2021 |
amend and recommit to real property taxation |
May 21, 2021 |
referred to real property taxation |
Assembly Bill A7776A
2021-2022 Legislative Session
Sponsored By
THIELE
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
Karen McMahon
Michaelle C. Solages
2021-A7776 - Details
2021-A7776 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7776 2021-2022 Regular Sessions I N A S S E M B L Y May 21, 2021 ___________ Introduced by M. of A. THIELE -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to delinquent tax interest rates THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 924-a of the real property tax law, as amended by chapter 26 of the laws of 2003, is amended to read as follows: 1. The amount of interest to be added on all taxes received after the interest free period and all delinquent taxes shall be one-twelfth the rate of interest as determined pursuant to subdivision two or two-a of this section rounded to the nearest one-hundredth of a percentage point, except as otherwise provided by a general or special law, or a local law adopted by a city pursuant to the municipal home rule law or any special law. Such interest shall be added for each month or fraction thereof until such taxes are paid; PROVIDED HOWEVER, THAT NOTWITHSTANDING ANY PROVISION OF GENERAL, SPECIAL, OR LOCAL LAW OR RESOLUTION TO THE CONTRA- RY, IN NO CASE SHALL THE INTEREST RATE EXCEED SEVEN AND ONE-HALF PER CENTUM PER ANNUM OF DELINQUENT TAX PAYMENTS DUE ON OWNER OCCUPIED RESI- DENTIAL REAL PROPERTY CONTAINING THREE OR FEWER DWELLING UNITS; AND PROVIDED FURTHER THAT THIS LIMITATION SHALL APPLY TO UNITS HELD IN CONDOMINIUM FORM; AND PROVIDED FURTHER THAT SUCH LIMITATION SHALL APPLY TO ALL BUILDINGS HELD IN COOPERATIVE FORM REGARDLESS OF OWNER OCCUPANCY STATUS; AND PROVIDED FURTHER THAT THIS LIMITATION SHALL NOT APPLY TO REAL PROPERTY THAT IS VACANT AND ABANDONED, AS DEFINED IN SUBDIVISION TWO OF SECTION THIRTEEN HUNDRED NINE OF THE REAL PROPERTY ACTIONS AND PROCEEDINGS LAW, WHICH WAS LISTED ON THE STATEWIDE VACANT AND ABANDONED PROPERTY ELECTRONIC REGISTRY, AS DEFINED IN SECTION THIRTEEN HUNDRED TEN OF THE REAL PROPERTY ACTIONS AND PROCEEDINGS LAW, AND REMAINS ON SUCH REGISTRY. THIS SUBDIVISION SHALL SUPERSEDE ANY LOCAL TAX ACT, CODE, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
Karen McMahon
Michaelle C. Solages
Jonathan Rivera
Patrick Burke
2021-A7776A (ACTIVE) - Details
2021-A7776A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7776--A 2021-2022 Regular Sessions I N A S S E M B L Y May 21, 2021 ___________ Introduced by M. of A. THIELE, McMAHON, SOLAGES -- read once and referred to the Committee on Real Property Taxation -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to delinquent tax interest rates THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 924-a of the real property tax law, as amended by chapter 26 of the laws of 2003, is amended to read as follows: 1. The amount of interest to be added on all taxes received after the interest free period and all delinquent taxes shall be one-twelfth the rate of interest as determined pursuant to subdivision two or two-a of this section rounded to the nearest one-hundredth of a percentage point, except as otherwise provided by a general or special law, or a local law adopted by a city pursuant to the municipal home rule law or any special law. Such interest shall be added for each month or fraction thereof until such taxes are paid; PROVIDED HOWEVER, THAT NOTWITHSTANDING ANY PROVISION OF GENERAL, SPECIAL, OR LOCAL LAW OR RESOLUTION TO THE CONTRA- RY, BEGINNING IN ALL LOCAL FISCAL YEARS COMMENCING IN CALENDAR YEAR TWO THOUSAND TWENTY-TWO AND THEREAFTER, IN NO CASE SHALL THE INTEREST RATE EXCEED SEVEN AND ONE-HALF PER CENTUM PER ANNUM OF DELINQUENT TAX PAYMENTS DUE ON OWNER OCCUPIED RESIDENTIAL REAL PROPERTY CONTAINING THREE OR FEWER DWELLING UNITS; AND PROVIDED FURTHER THAT THIS LIMITATION SHALL APPLY TO UNITS HELD IN CONDOMINIUM FORM; AND PROVIDED FURTHER THAT SUCH LIMITATION SHALL APPLY TO ALL BUILDINGS HELD IN COOPERATIVE FORM REGARDLESS OF OWNER OCCUPANCY STATUS; AND PROVIDED FURTHER THAT THIS LIMITATION SHALL NOT APPLY TO REAL PROPERTY THAT IS VACANT AND ABAN- DONED, AS DEFINED IN SUBDIVISION TWO OF SECTION THIRTEEN HUNDRED NINE OF THE REAL PROPERTY ACTIONS AND PROCEEDINGS LAW, WHICH WAS LISTED ON EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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