Temporarily extends the maximum term of delinquent real property tax installment agreements.
Ayes (7): Stewart-Cousins, Oppenheimer, Valesky, Thompson, Johnson C, Little, Bonacic
Excused (1): Morahan
Ayes (59): Adams, Addabbo, Alesi, Aubertine, Bonacic, Breslin, DeFrancisco, Diaz, Dilan, Duane, Espada, Farley, Flanagan, Foley, Fuschillo, Golden, Griffo, Hannon, Hassell-Thomps, Huntley, Johnson C, Johnson O, Klein, Krueger, Kruger, Lanza, Larkin, LaValle, Leibell, Libous, Little, Marcellino, Maziarz, McDonald, Montgomery, Nozzolio, Onorato, Oppenheimer, Padavan, Parker, Perkins, Ranzenhofer, Robach, Saland, Sampson, Savino, Schneiderman, Serrano, Seward, Skelos, Smith, Squadron, Stachowski, Stavisky, Stewart-Cousin, Thompson, Valesky, Volker, Winner
Excused (2): Morahan, Young
BILL NUMBER: S5328A
TITLE OF BILL : An act to amend the real property tax law, in relation to temporarily extending the maximum term of installment agreements for payment of delinquent taxes
PURPOSE : This bill would permit local governments to increase the maximum term of installment agreement for payment of delinquent taxes from twenty four months to thirty six months, until December 31, 2011
SUMMARY OF PROVISIONS : Section 1 of the bill amends subdivision 3 of section 1184 of the real property tax law as it relates to increasing the installment agreement to thirty six months.
Section 2 relates to effective date.
JUSTIFICATION : As the economic conditions continue to worsen, more and more New Yorkers have been unable to pay their property taxes on time. Local governments are able to negotiate with these citizens and place them on an installment plan, however, by law they are limited to a 24 month time period. This law would permit the local government, at their option, to increase the installment period to 36 months, thereby helping New Yorkers avoid foreclosure.
LEGISLATIVE HISTORY :
2009/2010 - New Bill.
FISCAL IMPLICATIONS :
To be determined
EFFECTIVE DATE : This act shall take effect immediately and shall expire and be deemed repeal December 31, 2011.
STATE OF NEW YORK ________________________________________________________________________ 5328--A 2009-2010 Regular Sessions IN SENATE April 27, 2009 ___________Introduced by Sen. MORAHAN -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government -- recom- mitted to the Committee on Local Government in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to temporarily extending the maximum term of installment agreements for payment of delinquent taxes THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 3 of section 1184 of the real property tax law, as amended by chapter 532 of the laws of 1994, is amended to read as follows: (a) the maximum term of installment agreements, which shall not exceed twenty-four months; PROVIDED THAT FOR INSTALLMENT AGREEMENTS ENTERED INTO PRIOR TO DECEMBER THIRTY-FIRST, TWO THOUSAND ELEVEN, THE MAXIMUM TERM OF INSTALLMENT AGREEMENTS SHALL NOT EXCEED THIRTY-SIX MONTHS; S 2. This act shall take effect immediately and shall expire and be deemed repealed December 31, 2011.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07472-03-0