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NY S05836

Bill

Official Source

Status

Introduced

3/3/2025

Primary Sponsor

James Skoufis

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Allows local governments to opt out of requiring assessors to update tax billing addresses when the address is a mortgage investing institution or its agent
  • Requires a public hearing and adoption of a local law, ordinance, or resolution by cities, villages, towns, school districts, fire districts, or counties before the exemption can take effect
  • Updates gendered pronouns ("he or she") to gender-neutral language ("they") in the existing statute
  • Amends Section 518 of the Real Property Tax Law regarding change in tax billing address procedures
  • Takes effect immediately upon passage

Legislative Description

Provides that local assessor offices no longer must add a code to notification forms for creation of termination of a mortgage escrow account.

Last Action

REFERRED TO LOCAL GOVERNMENT

1/7/2026

Committee Referrals

Local Government3/3/2025

Full Bill Text

No bill text available