Bill Text: NY A04162 | 2017-2018 | General Assembly | Introduced

Bill Title: Provides that the department of taxation and finance shall withdraw from county records a tax lien for which the tax debt has been paid in full and satisfied.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Vetoed) 2018-12-07 - tabled [A04162 Detail]

Download: New_York-2017-A04162-Introduced.html

                STATE OF NEW YORK
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 1, 2017
        Introduced  by M. of A. ABINANTI, GOTTFRIED -- read once and referred to
          the Committee on Ways and Means
        AN ACT to amend the tax law, in relation to the withdrawal of tax  liens
          upon payment of taxes due
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 692 of the tax law  is  amended  by  adding  a  new
     2  subsection (j) to read as follows:
     3    (j)  Withdrawal  of  lien.--The  department,  upon payment in full and
     4  satisfaction by a taxpayer of a tax debt for which a  warrant  has  been
     5  filed  and a lien on property has been created pursuant to this section,
     6  shall, withdraw such warrant and lien from the records of the county  in
     7  which  such warrant was filed and lien was created. Within five business
     8  days of such withdrawal, the department shall send written  notification
     9  to such taxpayer that such warrant and lien have been withdrawn and that
    10  such taxpayer may contact credit reporting agencies and notify them that
    11  such  tax debt has been paid in full and satisfied and that such warrant
    12  and lien have been withdrawn.
    13    § 2. This act shall take effect on the sixtieth  day  after  it  shall
    14  have become a law.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.