Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to local government |
Mar 24, 2021 |
referred to local government |
Senate Bill S5963
2021-2022 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Local Government 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
co-Sponsors
(D) Senate District
2021-S5963 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7448
- Current Committee:
- Senate Local Government
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §1184, RPT L
- Versions Introduced in 2019-2020 Legislative Session:
-
S8193
2021-S5963 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5963 SPONSOR: REICHLIN-MELNICK TITLE OF BILL: An act to amend the real property tax law, in relation to the forbear- ance of certain delinquent taxes; and providing for the repeal of such provisions upon expiration thereof PURPOSE: This legislation would allow municipalities to opt-in to grant a forbearance on delinquent property tax payments during the COVID-19 pandemic SUMMARY OF PROVISIONS: Section 1. Changes 5% late charge to 0.5%. Allows municipalities to provide a forbearance of payments for any person or entity facing finan- cial hardship due to the COVID-19 pandemic; this forbearance shall commence upon resident's filing of any hardship declaration.
2021-S5963 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5963 2021-2022 Regular Sessions I N S E N A T E March 24, 2021 ___________ Introduced by Sen. REICHLIN-MELNICK -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend the real property tax law, in relation to the forbear- ance of certain delinquent taxes; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 7 of section 1184 of the real property tax law, as amended by chapter 579 of the laws of 1995, is amended to read as follows: 7. Interest and penalties. Interest on the total amount of eligible delinquent taxes, less the amount of the down payment made by the eligi- ble owner, if any is required, shall be that amount as determined pursu- ant to section nine hundred twenty-four-a of this chapter, or such other law as may be applicable. The rate of interest in effect on the date the agreement is signed shall remain constant during the period of the agreement. If an installment is not paid on or before the date it is due, interest shall be added at the applicable rate for each month or portion thereof until paid. In addition, if an installment is not paid by the end of the fifteenth calendar day after the payment due date, a late charge of [five] ONE-HALF percent of the overdue payment shall be added. PROVIDED, HOWEVER, THAT ANY MUNICIPALITY MAY PROVIDE TO ANY RESI- DENT AN OPPORTUNITY FOR A FORBEARANCE OF PAYMENTS PURSUANT TO THIS SUBDIVISION FOR ANY PERSON OR ENTITY FACING A FINANCIAL HARDSHIP DUE TO THE COVID-19 PANDEMIC. SUCH FORBEARANCE OF PAYMENTS SHALL COMMENCE UPON RESIDENT'S FILING OF ANY HARDSHIP DECLARATION PURSUANT TO PART B OF CHAPTER THREE HUNDRED EIGHTY-ONE OF THE LAWS OF TWO THOUSAND TWENTY. § 2. This act shall take effect immediately and shall expire and be deemed repealed December 31, 2021. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08369-02-1
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