Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 23, 2017 |
tabled vetoed memo.157 |
Oct 11, 2017 |
delivered to governor |
Jun 21, 2017 |
returned to assembly passed senate 3rd reading cal.796 substituted for s5400a |
Jun 21, 2017 |
substituted by a2438a |
Jun 12, 2017 |
amended on third reading 5400a |
May 15, 2017 |
advanced to third reading |
May 10, 2017 |
2nd report cal. |
May 09, 2017 |
1st report cal.796 |
Mar 24, 2017 |
referred to local government |
Senate Bill S5400
Vetoed By Governor2017-2018 Legislative Session
Sponsored By
(R, C) Senate District
Archive: Last Bill Status Via A2438 - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2017-S5400 - Details
2017-S5400 - Sponsor Memo
BILL NUMBER: S5400 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.
2017-S5400 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5400 2017-2018 Regular Sessions I N S E N A T E March 24, 2017 ___________ 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: § 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. § 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.
2017-S5400A (ACTIVE) - Details
2017-S5400A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5400A 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 not be required to make an entry. Section 2: 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
2017-S5400A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5400--A Cal. No. 796 2017-2018 Regular Sessions I N S E N A T E March 24, 2017 ___________ Introduced by Sen. LARKIN -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading 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: § 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 NOT BE REQUIRED TO MAKE AN ENTRY. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03993-03-7
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