senate Bill S5679

Relates to tax billing addresses

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 04 / Jun / 2013
    • REFERRED TO LOCAL GOVERNMENT
  • 08 / Jan / 2014
    • REFERRED TO LOCAL GOVERNMENT

Summary

Relates to tax billing addresses.

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Bill Details

See Assembly Version of this Bill:
A7676
Versions:
S5679
Legislative Cycle:
2013-2014
Current Committee:
Senate Local Government
Law Section:
Real Property Tax Law
Laws Affected:
Amd ยงยง518 & 953, RPT L

Sponsor Memo

BILL NUMBER:S5679

TITLE OF BILL: An act to amend the real property tax law, in relation
to tax billing addresses

PURPOSE: The purpose of this bill is to relieve local assessor
offices of the undue and unnecessary burden of adding a code to
notification forms for creation or termination of a mortgage escrow
account.

SUMMARY OF PROVISIONS:

Section 1: amends Section 518 of the real property tax law to state
that where the "tax billing address" is for a mortgage investing
institution or agent thereof, the assessor shall make no entry.

Section 2: amends Subdivision 9 of section 953 of the real property
tax law, removes the requirement that reports made by mortgage
investing institutions regarding the creation of a mortgage escrow
accounts and changes in a tax billing addresses be entered on the
"assessment roll"

Section 3: Effective date.

JUSTIFICATION: Under current law, banks or tax service organizations
(TSOs) send notification of the creation or termination of mortgage
escrow accounts to the County Director. The County sorts boxes of
forms and forwards them to the appropriate assessor, who then adds a
code to their data file for the bank or TSO. Small banks generally
request bills directly from the Receiver of Taxes who pulls and sends
them to that bank. Large TSOs get their bills electronically from the
County directly. in either case, the bank code on the assessor's file
is never used for any purpose.

A great deal of time and labor is committed to the adding of assessor
codes to the notification forms for creation or termination of a
mortgage escrow account Given these codes are not used for any
purpose, this bill would provide much-needed mandate relief to many of
our local assessor offices and governments without impacting any use
or service whatsoever.

LEGISLATIVE HISTORY: New bill.

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: Immediate.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5679

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              June 4, 2013
                               ___________

Introduced  by  Sen.  LARKIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN ACT to amend the real property tax law, in relation  to  tax  billing
  addresses

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 518 of the real property tax  law,  as  amended  by
chapter 145 of the laws of 1990, is amended to read as follows:
  S  518.  Change in tax billing address.  Where the assessor receives a
report of a transfer occurring after the  taxable  status  date,  or  is
otherwise  notified  of  a  change  in tax billing address, the assessor
shall enter the new tax billing address on the data file, as  that  term
is  defined in section fifteen hundred eighty-one of this chapter. Where
no such data file exists, the assessor shall enter the new  tax  billing
address on the assessment roll. If the assessor does not have custody of
the assessment roll when such report is received, he or she shall report
the  new  tax  billing  address  to the person having custody of the tax
roll, which person shall enter the new tax billing address  on  the  tax
roll.  Nothing contained herein shall be construed to authorize a change
of the name of the owner included in the data file or appearing  on  the
roll.  WHERE SUCH "TAX BILLING ADDRESS" IS A MORTGAGE INVESTING INSTITU-
TION OR AGENT THEREOF, THE ASSESSOR SHALL MAKE NO ENTRY.
  S  2.  Subdivision  9  of section 953 of the real property tax law, as
amended by chapter 145 of the laws of 1990 and  as  further  amended  by
subdivision  (b)  of  section  1  of part W of chapter 56 of the laws of
2010, is amended to read as follows:
  9. Every mortgage investing institution shall, no later than the twen-
ty-fifth day of each month, report to the county director of real  prop-
erty  tax  services, or the commissioner of finance for property located
in the city of New York, on a form prescribed or approved by the commis-
sioner, the creation of a real  property  tax  escrow  account,  or  any

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11228-01-3

S. 5679                             2

change of a tax billing address required by a transfer or termination of
a  real  property  tax escrow account pursuant to subdivisions seven and
eight of this section, occurring during the prior month with respect  to
real  property  located  in such county or city, as the case may be. The
county director or the commissioner of finance of the city of  New  York
shall  thereupon  furnish a copy of such report to the person or persons
having custody and control of the  appropriate  [assessment  roll,]  tax
roll  or  data file, as defined in section fifteen hundred eighty-one of
this chapter, and such person  or  persons  are  hereby  authorized  and
directed  upon receipt of such report to enter the appropriate tax bill-
ing address on such [assessment roll,] tax roll or data file.
  S 3. This act shall take effect immediately.

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