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NY A02711

Bill

Official Source

Status

Introduced

1/26/2023

Primary Sponsor

Amy Paulin

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends section 924-a of the real property tax law to specify when interest accrues on missed installment tax payments
  • Interest on missed installments accrues from the due date of the missed payment, not from any later date
  • Applies when property owners have elected to pay taxes in installments
  • Interest rate follows the rate determined under section 924-a 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

1/3/2024

Committee Referrals

Real Property Taxation1/26/2023

Full Bill Text

No bill text available