senate Bill S7454

Relates to the applicability of interest charged for unpaid school district taxes

download pdf

Sponsor

Bill Status


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

actions

  • 15 / May / 2014
    • REFERRED TO EDUCATION

Summary

Relates to the applicability of interest charged for unpaid school district taxes.

do you support this bill?

Bill Details

Versions:
S7454
Legislative Cycle:
2013-2014
Current Committee:
Senate Education
Law Section:
Education Law
Laws Affected:
Amd §2023-a, Ed L

Sponsor Memo

BILL NUMBER:S7454

TITLE OF BILL: An act to amend the education law, in relation to the
applicability of interest charged for unpaid school district taxes

PURPOSE: This bill relates to the applicability of interest charged for
unpaid school district taxes.

SUMMARY OF PROVISIONS: Section 1. Section 2023-a of the education law is
amended by adding a new subdivision 10 to read as follows: Notwith-
standing any other provision of law to the contrary, a School district
shall only charge interest or any other penalty authorized by state or
local law on the portion of taxes levied that remains unpaid on or after
the date such taxes are owed. Interest or penalties shall only begin to
accrue on or after the date such taxes are due.

§ 2. This act shall take effect immediately; provided that the amend-
ments to section 2023-a of the education law made by section one of this
act shall not affect the repeal of such section and shall be deemed
repealed therewith.

EXISTING LAW: Current law does not reflect the actual time interest
rates should be charged but in actually accrued.

JUSTIFICATION: School districts split the payment of school taxes due
into two separate payments. The first half being due in September and
the second half due in November.

This bill changes current law by insuring school districts charge
accrued interest or penalties beginning after the date such taxes are
due. It prevents school districts and municipalities from charging
interest or penalties on tax that has already been paid. In other words,
if a person has paid the 1 g half of his or her taxes on time but then
fails to pay the 2nd half on time, interest can only be charged begin-
ning on the actual date the 2nd half of the tax was due.

This bill addresses the issue by using the actual due date of the taxes
not paid as the starting point for the interest accrual.

LEGISLATIVE HISTORY: None

FISCAL IMPLICATIONS: To be determined

LOCAL FISCAL IMPLICATIONS: To be determined

EFFECTIVE DATE: This bill shall take effect immediately

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

                                  7454

                            I N  S E N A T E

                              May 15, 2014
                               ___________

Introduced  by  Sen. LATIMER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Education

AN ACT to amend the education law, in relation to the  applicability  of
  interest charged for unpaid school district taxes

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

  Section 1. Section 2023-a of the education law is amended by adding  a
new subdivision 10 to read as follows:
  10.  NOTWITHSTANDING  ANY  OTHER  PROVISION  OF LAW TO THE CONTRARY, A
SCHOOL DISTRICT SHALL ONLY CHARGE INTEREST OR ANY OTHER PENALTY  AUTHOR-
IZED  BY  STATE OR LOCAL LAW ON THE PORTION OF TAXES LEVIED THAT REMAINS
UNPAID ON OR AFTER THE DATE SUCH TAXES ARE OWED. INTEREST  OR  PENALTIES
SHALL ONLY BEGIN TO ACCRUE ON OR AFTER THE DATE SUCH TAXES ARE DUE.
  S  2. This act shall take effect immediately; provided that the amend-
ments to section 2023-a of the education law made by section one of this
act shall not affect the repeal of such  section  and  shall  be  deemed
repealed therewith.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15136-02-4

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.