Bill Text: NY S06278 | 2013-2014 | 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) 2014-01-09 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S06278 Detail]

Download: New_York-2013-S06278-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6278
                                   I N  S E N A T E
                                    January 9, 2014
                                      ___________
       Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment 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    9  TO SUCH TAXPAYER THAT SUCH WARRANT AND LIEN HAVE BEEN WITHDRAWN AND THAT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   12  AND LIEN HAVE BEEN WITHDRAWN.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    S 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.
                                                                  LBD06097-01-3
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