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NY A05314
Bill
Status
2/12/2021
Primary Sponsor
Sandra Galef
Click for details
AI Summary
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Defines "COVID-19 covered period" as March 7, 2020 through the date when executive orders 202.3, 202.4, 202.5, 202.6, 202.7, 202.8, 202.10, 202.11, 202.13, and 202.14 (and any extensions) no longer apply in the county where the property is located.
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Allows villages, towns, cities, school districts, and counties to pass a local law or resolution to place a moratorium on tax foreclosures and tax lien sales for up to five years after the COVID-19 covered period ends.
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Requires municipalities to hold a public hearing before implementing a moratorium and must establish a specific date when tax lien sales and foreclosures may resume.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes municipalities to place a moratorium on tax foreclosures and tax lien sales for a period of up to five years after the COVID-19 covered period.
Last Action
referred to real property taxation
1/5/2022