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Assembly Bill A10481

2019-2020 Legislative Session

Relates to placing a moratorium on selling property tax warrants for the period of COVID-19 state of emergency

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Archive: Last Bill Status - In Assembly Committee

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2019-A10481 (ACTIVE) - Details

See Senate Version of this Bill:
S8928
Current Committee:
Assembly Real Property Taxation
Law Section:
Real Property Taxation
Versions Introduced in Other Legislative Sessions:
2021-2022: A1888, S4185
2023-2024: S5557

2019-A10481 (ACTIVE) - Summary

Places a moratorium on municipalities selling property tax warrants to private companies for the period of COVID-19 state of emergency.

2019-A10481 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10481
 
                           I N  A S S E M B L Y
 
                               May 22, 2020
                                ___________
 
 Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Carroll) --
   read once and referred to the Committee on Real Property Taxation
 
 AN ACT in relation to placing  a  moratorium  on  selling  property  tax
   warrants  to  private  companies  for  the period of COVID-19 state of
   emergency; and providing for the repeal of such  provisions  upon  the
   expiration thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding any provisions of law, rule  or  regulation
 to  the contrary, due to the coronavirus disease 2019 (COVID-19) pandem-
 ic, the state shall institute a moratorium on the sale of  property  tax
 warrants  by  municipalities  to  private  companies  for  the period of
 COVID-19 state disaster emergency declared by executive  order  202,  as
 amended, that began on March 7, 2020.
   ยง  2.  This  act shall take effect immediately and shall expire and be
 deemed repealed January 1, 2024.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD16448-01-0

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