Bill Text: NY S03650 | 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 2-0)
Status: (Introduced - Dead) 2018-06-18 - SUBSTITUTED BY A4162 [S03650 Detail]
Download: New_York-2017-S03650-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 3650 2017-2018 Regular Sessions IN SENATE January 25, 2017 ___________ Introduced by Sens. PARKER, HOYLMAN -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations 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such withdrawal, the department shall send written notification 9 to such taxpayer that such warrant and lien have been withdrawn and that 10 such taxpayer may contact credit reporting agencies and notify them that 11 such tax debt has been paid in full and satisfied and that such warrant 12 and lien have been withdrawn. 13 § 2.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. LBD03390-01-7
