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NY A01110

Bill

Official Source

Status

Introduced

1/9/2025

Primary Sponsor

Amy Paulin

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Amends Real Property Tax Law section 924-a to change when interest begins accruing on missed property tax installment payments

  • Requires that when a property owner elects to pay taxes in installments and misses a payment, interest accrues only from the due date of that specific missed installment

  • Overrides any conflicting provisions in state general, special, or local laws regarding interest calculation on missed installment payments

  • 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

1/7/2026

Committee Referrals

Real Property Taxation1/9/2025

Full Bill Text

No bill text available