Temporarily extends the maximum term of delinquent real property tax installment agreements.
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, 2015.
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: A6790 of 2011-12; A7147A of 2009-2010
FISCAL IMPLICATIONS: To be determined
EFFECTIVE DATE: This act shall take effect immediately and shall expire and be deemed repealed December 31, 2015.
STATE OF NEW YORK ________________________________________________________________________ 5588 2013-2014 Regular Sessions IN SENATE May 23, 2013 ___________Introduced by Sen. CARLUCCI -- 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 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 FIFTEEN, 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 This act shall take effect immediately and shall expire and be deemed repealed December 31, 2015.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00458-01-3