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NY A08514

Bill

Official Source

Status

Introduced

12/13/2021

Primary Sponsor

Amy Paulin

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends Section 924-a of the Real Property Tax Law to add a new subdivision 4
  • Requires that for property owners who elected to pay taxes in installments, interest on missed installment payments accrues only from the due date of the missed payment
  • Interest accrues at the rate determined under the applicable section or other applicable local law
  • Takes effect immediately upon enactment

Legislative Description

Provides for interest to accrue on missed installment payments beginning from the due date of such missed installment payment.

Last Action

referred to real property taxation

1/5/2022

Committee Referrals

Real Property Taxation12/13/2021

Full Bill Text

No bill text available