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NY S06580

Bill

Official Source

Status

Engrossed

6/15/2017

Primary Sponsor

Patrick Gallivan

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Amends the Erie County Tax Act to reduce the redemption period for tax sale certificates on certified vacant and abandoned properties from two years to one year
  • Applies only to real property certified as vacant and abandoned pursuant to Real Property Actions and Proceedings Law section 1309
  • Allows tax sale certificate holders, including Erie County, to initiate foreclosure actions after one year (instead of two years) for vacant and abandoned properties, while maintaining the existing two-year period for other properties
  • Maintains the maximum twenty-five year redemption period and allows recovery of all interest, penalties, additions and expenses
  • Takes effect immediately upon enactment

Legislative Description

Relates to decreasing the time a vacant property may sit in foreclosure in Erie county.

Last Action

COMMITTED TO RULES

6/20/2018

Committee Referrals

Rules6/20/2018
Finance1/3/2018
Judiciary6/15/2017
Rules6/5/2017

Full Bill Text

No bill text available