Bill Text: NY A10481 | 2019-2020 | General Assembly | Introduced
Bill Title: Places a moratorium on municipalities selling property tax warrants to private companies for the period of COVID-19 state of emergency.
Spectrum: Partisan Bill (Democrat 8-0)
Status: (Introduced - Dead) 2020-05-22 - referred to real property taxation [A10481 Detail]
Download: New_York-2019-A10481-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 10481 IN ASSEMBLY May 22, 2020 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Carroll) -- read once and referred to the Committee on Real Property Taxation AN ACT in relation to placing a moratorium on selling property tax warrants to private companies for the period of COVID-19 state of emergency; and providing for the repeal of such provisions upon the expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any provisions of law, rule or regulation 2 to the contrary, due to the coronavirus disease 2019 (COVID-19) pandem- 3 ic, the state shall institute a moratorium on the sale of property tax 4 warrants by municipalities to private companies for the period of 5 COVID-19 state disaster emergency declared by executive order 202, as 6 amended, that began on March 7, 2020. 7 § 2. This act shall take effect immediately and shall expire and be 8 deemed repealed January 1, 2024. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD16448-01-0
