Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to real property taxation |
Nov 09, 2009 |
referred to real property taxation |
Assembly Bill A9242
2009-2010 Legislative Session
Sponsored By
MCDONOUGH
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-A9242 (ACTIVE) - Details
2009-A9242 (ACTIVE) - Sponsor Memo
BILL NUMBER:A9242 TITLE OF BILL: An act to amend the real property tax law, in relation to providing an optional prepayment of property taxes in monthly payments PURPOSE OR GENERAL IDEA OF BILL: To provide local municipalities the option to collect property taxes on a ten-month schedule in addition to the current semi-annual schedule. SUMMARY OF SPECIFIC PROVISIONS: Section 1 adds new section 510-b to the real property tax law. This section authorizes the legislative bodies of towns, counties, or cities, to provide by resolution, the option for property taxpayers to pay their taxes on a ten-month schedule. The schedule is as follows: for each month of the nine-month period beginning in June of the year the property tax bill is prepared, the property taxpayer will pay ten percent of their previous year's property tax bill to the appropriate municipality. In March, the tenth month of the ten-month schedule, the property taxpayer will pay the balance of the tax bill resulting from the current year's tax bill minus the nine payments of ten percent of the previous year's tax bill. Section 2 contains the legislation's effective date. JUSTIFICATION: Property taxes in New York are among the highest in the
2009-A9242 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9242 2009-2010 Regular Sessions I N A S S E M B L Y November 9, 2009 ___________ 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: Section 1. The real property tax law is amended by adding a new section 510-b to read as follows: S 510-B. OPTIONAL PREPAYMENT OF PROPERTY TAXES IN MONTHLY PAYMENTS. NOTWITHSTANDING THE PROVISIONS OF ANY GENERAL, SPECIAL OR LOCAL LAW TO THE CONTRARY, THE LEGISLATIVE BODY OF TOWNS, COUNTIES OR CITIES, HAVING POWER TO DETERMINE THE TAXABLE STATUS OF PROPERTY FOR TAX PURPOSES MAY BY RESOLUTION PROVIDE PROPERTY OWNERS THE OPTION OF MAKING PREPAYMENTS OF PROPERTY TAXES IN TEN MONTHLY PAYMENTS BEGINNING ON THE FIRST OF JUNE OF THE YEAR IN WHICH THE TAX BILL IS PREPARED AND ENDING ON THE FIRST OF MARCH OF THE FOLLOWING YEAR. THE FIRST NINE MONTHLY PAYMENTS SHALL EACH BE IN AN AMOUNT EQUAL TO TEN PERCENT OF THE PRIOR YEAR'S PROPERTY TAX BILL AND THE FINAL PAYMENT ON THE FIRST OF MARCH SHALL BE IN AN AMOUNT EQUAL TO THE BALANCE OF THE TAX DUE. S 2. This act shall take effect on the second of January next succeed- ing the date on which it shall have become a law and apply to assessment 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. LBD14967-01-9
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