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NY A09073

Bill

Official Source

Status

Introduced

1/31/2022

Primary Sponsor

Kevin Cahill

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Allows Ulster County executive, with county legislature approval, to waive or suspend interest, penalties, and charges for late property tax payments caused by COVID-19 pandemic financial hardship
  • Applies retroactively to March 7, 2020 for landlords owning five or fewer rental units and small businesses owning five or fewer rental units
  • Defines "small business" as a state resident business that is independently owned and operated with 20 or fewer full-time equivalent employees
  • Takes effect immediately and expires August 31, 2022

Legislative Description

Provides that at the discretion of the executive of Ulster county, any interest, penalties, or other charges for late payment of property taxes due to financial hardship caused by the COVID-19 pandemic in Ulster county for certain landlords that own and operate five or fewer rental units or small businesses that own and operate five or fewer rental units may be waived.

Last Action

referred to real property taxation

1/31/2022

Committee Referrals

Real Property Taxation1/31/2022

Full Bill Text

No bill text available