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NY S00526

Bill

Official Source

Status

Introduced

1/8/2025

Primary Sponsor

Shelley Mayer

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Amends Section 924-a of the real property tax law to change how interest accrues on missed property tax installment payments

  • When property owners elect to pay taxes in installments and miss a payment, interest will only begin accruing from the due date of that specific missed installment

  • Overrides any conflicting provisions in general, special, or local laws regarding this interest calculation

  • 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

1/7/2026

Committee Referrals

Local Government1/8/2025

Full Bill Text

No bill text available