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NY S02973

Bill

Official Source

Status

Introduced

1/26/2023

Primary Sponsor

Shelley Mayer

Click for details

Origin

Senate

2023-2024 General Assembly

AI Summary

  • Amends Section 924-a of the real property tax law to modify interest accrual rules for missed installment payments on real property taxes
  • Requires that additional interest on missed installment payments begin accruing only from the due date of the missed payment, rather than from an earlier date
  • Applies only to property owners who have elected to pay taxes in installments
  • Interest accrues at the rate determined under the real property tax law or 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 LOCAL GOVERNMENT

1/3/2024

Committee Referrals

Local Government1/26/2023

Full Bill Text

No bill text available