Bill Text: NY A04334 | 2011-2012 | General Assembly | Introduced

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Bill Title: Relates to the optional prepayment of property taxes in monthly payments.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2012-01-04 - referred to real property taxation [A04334 Detail]

Download: New_York-2011-A04334-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4334
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 3, 2011
                                      ___________
       Introduced  by  M.  of  A.  McDONOUGH  --  read once and referred to the
         Committee on Real Property Taxation
       AN ACT to amend the real property tax law, in relation to  providing  an
         optional prepayment of property taxes in monthly payments
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The real property tax  law  is  amended  by  adding  a  new
    2  section 510-b to read as follows:
    3    S  510-B.  OPTIONAL  PREPAYMENT OF PROPERTY TAXES IN MONTHLY PAYMENTS.
    4  NOTWITHSTANDING THE PROVISIONS OF ANY GENERAL, SPECIAL OR LOCAL  LAW  TO
    5  THE  CONTRARY, THE LEGISLATIVE BODY OF TOWNS, COUNTIES OR CITIES, HAVING
    6  POWER TO DETERMINE THE TAXABLE STATUS OF PROPERTY FOR TAX  PURPOSES  MAY
    7  BY  RESOLUTION  PROVIDE PROPERTY OWNERS THE OPTION OF MAKING PREPAYMENTS
    8  OF PROPERTY TAXES IN TEN MONTHLY PAYMENTS BEGINNING ON THE FIRST OF JUNE
    9  OF THE YEAR IN WHICH THE TAX BILL IS PREPARED AND ENDING ON THE FIRST OF
   10  MARCH OF THE FOLLOWING YEAR. THE FIRST NINE MONTHLY PAYMENTS SHALL  EACH
   11  BE  IN  AN  AMOUNT EQUAL TO TEN PERCENT OF THE PRIOR YEAR'S PROPERTY TAX
   12  BILL AND THE FINAL PAYMENT ON THE FIRST OF MARCH SHALL BE IN  AN  AMOUNT
   13  EQUAL TO THE BALANCE OF THE TAX DUE.
   14    S 2. This act shall take effect on the second of January next succeed-
   15  ing the date on which it shall have become a law and apply to assessment
   16  rolls based upon taxable status dates occurring on or after such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08441-01-1