|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Apr 17, 2023||reported and committed to finance|
|Feb 22, 2023||referred to local government|
senate Bill S5058
Current Bill Status - In Senate Committee Finance Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S5058 (ACTIVE) - Details
S5058 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5058 SPONSOR: HINCHEY TITLE OF BILL: An act to amend the real property tax law, in relation to the redemption of multiple liens on farm property PURPOSE: To allow farm property tax liens to be paid in chronological order SUMMARY OF PROVISIONS: Section 1 amends subdivision 1 and 2 of section 1112 of the real proper- ty tax law, as amended by chapter 532 of the laws of 1994, to require liens on a parcel that is not farm property to be redeemed in reverse chronological order. Section b requires that a tax lien on a parcel that is farm property to be redeemed in chronological order, so that the lien with the earliest lien date is redeemed first, and the lien with the most recent lien date is redeemed last.
S5058 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5058 2023-2024 Regular Sessions I N S E N A T E February 22, 2023 ___________ Introduced by Sen. HINCHEY -- 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 the redemption of multiple liens on farm property 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. (A) However, the liens ON A PARCEL, WHICH IS NOT FARM PROPERTY, must be redeemed in reverse chronological order, so that the lien with the most recent lien date is redeemed first, and the lien with the earliest lien date is redeemed last. Notwithstanding the redemption of one or more of the liens against SUCH a parcel as provided [herein] IN THIS ARTICLE, the enforcement process shall proceed according to the provisions of this article as long as the earliest lien remains unredeemed. (B) HOWEVER, IN THE CASE OF LIENS AGAINST A PARCEL, THAT IS FARM PROP- ERTY, THE LIENS MUST BE REDEEMED IN CHRONOLOGICAL ORDER, SO THAT THE LIEN WITH THE EARLIEST LIEN DATE IS REDEEMED FIRST, AND THE LIEN WITH THE MOST RECENT LIEN DATE IS REDEEMED LAST. NOTWITHSTANDING THE REDEMP- TION OF ONE OR MORE OF THE LIENS AGAINST A PARCEL THAT IS FARM PROPERTY AS PROVIDED IN THIS ARTICLE, THE ENFORCEMENT PROCESS SHALL PROCEED ACCORDING TO THE PROVISIONS OF THIS ARTICLE AS LONG AS THE MOST RECENT LIEN REMAINS UNREDEEMED. 2. (a) When one or more liens against a parcel, THAT IS NOT FARM PROP- ERTY, are redeemed as provided [herein] IN THIS ARTICLE, but the earli- est lien 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05798-01-3
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