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NY A08368
Bill
Status
10/20/2021
Primary Sponsor
Angelo Santabarbara
Click for details
AI Summary
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Allows taxing jurisdictions to opt not to assess late fees, interest, or penalties on real property taxes owed by small rental businesses negatively impacted by COVID-19.
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Applies to taxes owed during the period from the state disaster emergency declaration (Executive Order No. 202 of 2020) through August 31, 2022.
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Defines "small rental business" as a person or business owning and operating five or fewer rental units.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes taxing jurisdictions to opt not to assess late fees, interest or penalties on real property taxes owed by a small rental business negatively impacted by the COVID-19 pandemic.
Last Action
referred to real property taxation
1/5/2022