NY A04331

Amends Real Property Tax Law Section 1330 to require the county treasurer to pay 50% of returned unpaid school taxes to the school district officer, with the state comptroller paying the remaining 50% by April 1st following receipt of the tax statement and certificate.

Requires the county treasurer to repay the state comptroller in 11 equal monthly installments (one-eleventh each month) so the state is fully repaid by March 1st of the following year.

Changes the statutory reference from "chapter" to "article" regarding Section 1342 provisions on tax payments.

Takes effect immediately upon enactment.