Bill Text: NY S06222 | 2021-2022 | General Assembly | Amended

New York Senate Bill 6222 (Prior Session Legislation)

Bill Title: Provides respondents the option to repay a court ordered refund in installments of no more than five years.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced - Dead) 2022-01-05 - REFERRED TO LOCAL GOVERNMENT [S06222 Detail]

Download: New_York-2021-S06222-Amended.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                         6222--A

                               2021-2022 Regular Sessions

                    IN SENATE

                                     April 15, 2021
                                       ___________

        Introduced  by  Sen. REICHLIN-MELNICK -- read twice and ordered printed,
          and when printed to be committed to the Committee on Local  Government
          --  committee  discharged,  bill amended, ordered reprinted as amended
          and recommitted to said committee

        AN ACT to amend the real property tax  law,  in  relation  to  providing
          respondents the option to repay a court ordered refund in installments
          of no more than five years

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1.  Paragraph (a) of subdivision 5 of section 726 of the  real
     2  property  tax  law,  as  added  by  chapter  503 of the laws of 1996, is
     3  amended to read as follows:
     4    (a) If the [parties have so agreed] respondent requests, a final order
     5  [may] shall provide that a refund which  is  payable  pursuant  to  this
     6  section  shall  be  paid in installments over a specified period, not to
     7  exceed five years. [The order may further provide, if the  parties  have
     8  so agreed, that interest shall be paid on such installments, at the rate
     9  provided  by this section.] Each such installment shall be audited, paid
    10  and charged back in the manner provided by this section.
    11    § 2. This act shall take effect on the first of January next  succeed-
    12  ing the date upon which it shall become a law.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08223-02-1