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Senate Bill S8928

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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Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee

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2019-S8928 (ACTIVE) - Details

See Assembly Version of this Bill:
A10481
Current Committee:
Senate Rules
Law Section:
Real Property Taxation
Versions Introduced in Other Legislative Sessions:
2021-2022: S4185, A1888
2023-2024: S5557

2019-S8928 (ACTIVE) - Summary

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

2019-S8928 (ACTIVE) - Sponsor Memo

2019-S8928 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8928
 
                             I N  S E N A T E
 
                              August 19, 2020
                                ___________
 
 Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 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.
   §  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 deemed repealed January 1, 2024.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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