senate Bill S967

2023-2024 Legislative Session

Relates to delinquent tax interest rates

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 18, 2023 referred to real property taxation
delivered to assembly
passed senate
Jan 17, 2023 ordered to third reading cal.80
reported and committed to rules
Jan 09, 2023 referred to local government

Votes

view votes

Jan 17, 2023 - Local Government committee Vote

S967
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Local Government committee vote details

Local Government Committee Vote: Jan 17, 2023

Jan 17, 2023 - Rules committee Vote

S967
20
0
committee
20
Aye
0
Nay
0
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Rules committee vote details

S967 (ACTIVE) - Details

See Assembly Version of this Bill:
A1489
Law Section:
Real Property Tax Law
Laws Affected:
Amd §924-a, RPT L
Versions Introduced in 2021-2022 Legislative Session:
S6310, A7776

S967 (ACTIVE) - Summary

Relates to setting a maximum delinquent tax interest rate for payments due on owner occupied residential real property containing three or fewer dwelling units of seven and one half percent per annum.

S967 (ACTIVE) - Sponsor Memo

S967 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    967
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              January 9, 2023
                                ___________
 
 Introduced  by  Sen.  RYAN  --  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 delinquent tax
   interest rates
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Subdivision  1  of section 924-a of the real property tax
 law, as amended by chapter 26 of the laws of 2003, is amended to read as
 follows:
   1. The amount of interest to be added on all taxes received after  the
 interest  free  period and all delinquent taxes shall be one-twelfth the
 rate of interest as determined pursuant to subdivision two or  two-a  of
 this section rounded to the nearest one-hundredth of a percentage point,
 except as otherwise provided by a general or special law, or a local law
 adopted by a city pursuant to the municipal home rule law or any special
 law.  Such  interest  shall  be added for each month or fraction thereof
 until such taxes are paid; PROVIDED HOWEVER,  THAT  NOTWITHSTANDING  ANY
 PROVISION OF GENERAL, SPECIAL, OR LOCAL LAW OR RESOLUTION TO THE CONTRA-
 RY,  BEGINNING IN ALL LOCAL FISCAL YEARS COMMENCING IN CALENDAR YEAR TWO
 THOUSAND TWENTY-FOUR AND THEREAFTER, IN NO CASE SHALL THE INTEREST  RATE
 EXCEED  SEVEN  AND  ONE-HALF  PER  CENTUM  PER  ANNUM  OF DELINQUENT TAX
 PAYMENTS DUE ON OWNER  OCCUPIED  RESIDENTIAL  REAL  PROPERTY  CONTAINING
 THREE OR FEWER DWELLING UNITS; AND PROVIDED FURTHER THAT THIS LIMITATION
 SHALL APPLY TO UNITS HELD IN CONDOMINIUM FORM; AND PROVIDED FURTHER THAT
 SUCH  LIMITATION  SHALL  APPLY TO ALL BUILDINGS HELD IN COOPERATIVE FORM
 REGARDLESS OF OWNER OCCUPANCY STATUS; AND  PROVIDED  FURTHER  THAT  THIS
 LIMITATION  SHALL  NOT  APPLY  TO REAL PROPERTY THAT IS VACANT AND ABAN-
 DONED, AS DEFINED IN SUBDIVISION TWO OF SECTION  THIRTEEN  HUNDRED  NINE
 OF  THE  REAL  PROPERTY ACTIONS AND PROCEEDINGS LAW, WHICH WAS LISTED ON
 THE STATEWIDE VACANT AND  ABANDONED  PROPERTY  ELECTRONIC  REGISTRY,  AS
 DEFINED IN SECTION THIRTEEN HUNDRED TEN OF THE REAL PROPERTY ACTIONS AND
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04542-01-3

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.