NY State Senate Bill 2025-S741

Current Bill Status - On Floor Calendar

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

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 13, 2025	ordered to third reading cal.16
Jan 08, 2025	referred to rules

Votes

- Jan 13, 2025 - Rules Committee Vote
  S741
  
  21
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Rules Committee Vote: Jan 13, 2025
      
      aye (21)
      
      Addabbo Jr.
      
      Bailey
      
      Comrie
      
      Fernandez
      
      Gallivan
      
      Gianaris
      
      Griffo
      
      Harckham
      
      Helming
      
      Hoylman-Sigal
      
      Krueger
      
      Lanza
      
      Liu
      
      Mayer
      
      Myrie
      
      O'Mara
      
      Ortt
      
      Parker
      
      Sepúlveda
      
      Stec
      
      Stewart-Cousins

2025-S741 (ACTIVE) - Details

See Assembly Version of this Bill:: A415
Law Section:: Real Property Tax Law
Laws Affected:: Amd §§922, 974 & 1338, RPT L; amd §4, Chap of 2024 (as proposed in S.3604-A & A.7813-A)

2025-S741 (ACTIVE) - Summary

Clarifies disclosures for the payment of real property and school district taxes in installments.

2025-S741 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S741

SPONSOR: WEBB
 
TITLE OF BILL:

An act to amend the real property tax law, in relation to the payment of
real property and school district taxes in installments; and to amend a
chapter of the laws of 2024 amending the real property tax law relating
to the payment of real property and school district taxes in install-
ments, as proposed in legislative bills numbers S. 3604-A and A.
7813-A, in relation to the effectiveness thereof

 
PURPOSE OF BILL:

This is a chapter amendment that makes changes to provisions of chapter
373 of the laws of 2024 to expand the applicability of the underlying
chapter to all taxing jurisdictions that offer installment payments and
to standardize the display of installment payment schedules on tax
bills.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section 1 amends subparagraph (xv) of paragraph (a) of subdivision 1 of
section 922 of the real property tax law to include the following
language:  "Notwithstanding any general, special or local law to the
contrary, if the taxes set forth in the statement are payable in
installments such statement shall clearly disclose the due dates for
payment of such installments without interest or penalties."

Section 2 amends subdivision 2 of section 974 of the real property tax
law and Section 3 amends subdivision 2 of section 1338 of the real prop-
erty tax law to replace the word "chapter" with "title" and includes the
following language:  "In addition, such statement shall clearly disclose
the due dates for payment of such installments without interest and
penalties."

Section 4 amends the effective date of the underlying chapter from imme-
diately to 120 days after it shall have become a law.

Section 5 sets the effective date.

 
EXISTING LAW:

The underlying chapter places new requirements for disclosures on real
property and school district taxes bills. The existing law mandates
that, if a property owner elects to pay taxes in installments, the
statement of taxes must include the due dates for these payments without
interest or penalties. This applies to all relevant real property and
school district taxes where installment payments are an option.

 
JUSTIFICATION:

This legislation is a negotiated change to the underlying chapter to
ensure all taxing jurisdictions that offer installment payments are
captured in the law, and to reduce the administrative burden on local
governments in complying with the law.

 
LEGISLATIVE HISTORY:

This is a chapter amendment to Chapter 373 of the Laws of 2024.
S.3604-A passed the Senate in June 2024 and A.7813-A passed the Assembly
in May 2024.

 
FISCAL IMPLICATIONS:

None to the State.

 
LOCAL FISCAL IMPLICATIONS:

Minimal.

 
EFFECTIVE DATE:
Immediately and shall be deemed to have been in full force and effect on
and after September 27, 2024, provided however, that sections one, two,
and three of this act shall take effect 120 days after the underlying
chapter shall have become law.

2025-S741 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    741
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 8, 2025
                                ___________
 
 Introduced  by  Sen.  WEBB  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the real property tax law, in relation to the payment of
   real property and school district taxes in installments; and to  amend
   a  chapter  of  the  laws  of  2024 amending the real property tax law
   relating to the payment of real property and school district taxes  in
   installments,  as  proposed in legislative bills numbers S. 3604-A and
   A.  7813-A, in relation to the effectiveness thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subparagraph  (xv)  of  paragraph (a) of subdivision 1 of
 section 922 of the real property tax law, as added by a chapter  of  the
 laws  of 2024 amending the real property tax law relating to the payment
 of real property and school district taxes in installments, as  proposed
 in legislative bills numbers S. 3604-A and A. 7813-A, is amended to read
 as follows:
   (xv)  NOTWITHSTANDING ANY GENERAL, SPECIAL OR LOCAL LAW TO THE CONTRA-
 RY, if [the owner has elected to pay] the taxes set forth in the  state-
 ment  ARE  PAYABLE  in  installments[,  pursuant  to this article,] SUCH
 STATEMENT SHALL CLEARLY DISCLOSE the  due  dates  for  payment  of  such
 [installment payments] INSTALLMENTS without interest or penalties.
   §  2.  Subdivision  2  of section 974 of the real property tax law, as
 amended by a chapter of the laws of 2024 amending the real property  tax
 law  relating  to the payment of real property and school district taxes
 in installments, as proposed in legislative bills numbers S. 3604-A  and
 A.  7813-A, is amended to read as follows:
   2.  [a.] Such statement shall recite that such owner may elect, pursu-
 ant to section nine hundred seventy-five of this [chapter] TITLE, to pay
 the taxes set forth in the statement in installments, as provided in the
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02671-01-5

 S. 741                              2
 
 local law enacted by the county pursuant to section nine hundred  seven-
 ty-two of this [chapter] TITLE.
   [b.  If the owner has elected to pay the taxes set forth in the state-
 ment in installments, pursuant  to  this  article,]  IN  ADDITION,  SUCH
 STATEMENT  SHALL  CLEARLY  DISCLOSE  the  due  dates for payment of such
 [installment  payments]  INSTALLMENTS  without  interest  and  penalties
 [shall be clearly disclosed on the statement outlined in subdivision one
 of this section].
   §  3.  Subdivision  2 of section 1338 of the real property tax law, as
 amended by a chapter of the laws of 2024 amending the real property  tax
 law  relating  to the payment of real property and school district taxes
 in installments, as proposed in legislative bills numbers S. 3604-A  and
 A.  7813-A, is amended to read as follows:
   2.  [a.] Such statement shall recite that such owner may elect, pursu-
 ant to section thirteen hundred forty of this [chapter] ARTICLE, to  pay
 the  taxes set forth in the statement in installments as provided in the
 local law enacted by the county pursuant to section nine hundred  seven-
 ty-two of this chapter.
   [b.  If the owner has elected to pay the taxes set forth in the state-
 ment in installments, pursuant  to  this  article,]  IN  ADDITION,  SUCH
 STATEMENT  SHALL  CLEARLY  DISCLOSE  the  due  dates for payment of such
 [installment  payments]  INSTALLMENTS  without  interest  and  penalties
 [shall be clearly disclosed on the statement outlined in subdivision one
 of this section].
   §  4.  Section  4  of  a chapter of the laws of 2024 amending the real
 property tax law relating to the payment of  real  property  and  school
 district taxes in installments, as proposed in legislative bills numbers
 S. 3604-A and A. 7813-A, is amended to read as follows:
   § 4. This act shall take effect [immediately] ON THE ONE HUNDRED TWEN-
 TIETH DAY AFTER IT SHALL HAVE BECOME A LAW.
   §  5.  This  act  shall take effect immediately and shall be deemed to
 have been in full force and effect on  and  after  September  27,  2024;
 provided  however,  that  sections  one, two and three of this act shall
 take effect on the same date and in the same manner as a chapter of  the
 laws  of 2024 amending the real property tax law relating to the payment
 of real property and school district taxes in installments, as  proposed
 in legislative bills numbers S. 3604-A and A. 7813-A.

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Senate Bill S741

Sponsored By

Current Bill Status - On Floor Calendar

Jan 13, 2025 - Rules Committee Vote

Rules Committee Vote: Jan 13, 2025

2025-S741 (ACTIVE) - Details

2025-S741 (ACTIVE) - Summary

2025-S741 (ACTIVE) - Sponsor Memo

2025-S741 (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S741

Share this bill

Sponsored By

Lea Webb

Current Bill Status - On Floor Calendar

2025-S741 (ACTIVE) - Details

2025-S741 (ACTIVE) - Summary

2025-S741 (ACTIVE) - Sponsor Memo

2025-S741 (ACTIVE) - Bill Text download pdf

Comments