Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 11, 2010 |
referred to real property taxation |
Assembly Bill A10214
2009-2010 Legislative Session
Sponsored By
REILLY
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-A10214 (ACTIVE) - Details
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Real Property Tax Law
- Laws Affected:
- Amd §1112, RPT L
- Versions Introduced in 2011-2012 Legislative Session:
-
A4631
2009-A10214 (ACTIVE) - Sponsor Memo
BILL NUMBER:A10214 TITLE OF BILL: An act to amend the real property tax law, in relation to the repayment of delinquent taxes PURPOSE OR GENERAL IDEA OF BILL: To change the order in which tax delinquent payments are required to be paid in tax districts. SUMMARY OF SPECIFIC PROVISIONS: Section 1: Subdivision 1 and 2 of section 1112 of real property tax law, as amended by chapter 532 of the laws of 1994. Section 2. Effective Date. JUSTIFICATION: Currently, when a property owner falls behind in taxes, the most recent tax bill must be paid first before older tax liens are paid. The current policy compounds interest and penalties that could be avoided if the order were reversed. This can create difficulties for people trying to dig out of debt. Older tax liens tend to be less costly and easier to afford to pay. Taxpayers would be able to pay older tax liens off and gradually pay down their tax liens. In addition, foreclo- sure proceedings would not be started allowing property owners more time to save their property. The ability to pay their oldest bill first will help lessen the burden on those families who are already struggling in our tough economic climate.
2009-A10214 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10214 I N A S S E M B L Y March 11, 2010 ___________ Introduced by M. of A. REILLY -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to the repayment of delinquent taxes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 1 and 2 of section 1112 of the real property tax law, as amended by chapter 532 of the laws of 1994, are amended to read as follows: 1. When a tax district holds more than one tax lien against a parcel, the liens need not be redeemed simultaneously. However, the liens must be redeemed in [reverse] chronological order, so that the lien with the most recent lien date is redeemed [first] LAST, and the lien with the earliest lien date is redeemed [last] FIRST. Notwithstanding the redemp- tion of one or more of the liens against a parcel as provided herein, the enforcement process shall proceed according to the provisions of this article as long as [the earliest] A lien WITH A LIEN DATE FROM ANY YEAR IN THE PRECEDING THREE YEARS remains unredeemed. 2. (a) When one or more liens against a parcel are redeemed as provided herein, but [the earliest] ANY lien WITH A LIEN DATE FROM ANY YEAR IN THE PRECEDING THREE YEARS remains unredeemed, the receipt issued to the person redeeming shall include a statement in substantially the following form: "This parcel remains subject to one or more delinquent tax liens. The payment you have made will not postpone the enforcement of the outstanding lien or liens. Continued failure to pay the entire amount owed will result in the loss of the property." (b) Failure to include such a statement on the receipt shall not invalidate any tax lien or prevent the enforcement of the same as provided by law. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16017-01-0
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