Bill Text: NY A00415 | 2025-2026 | General Assembly | Introduced

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Bill Title: Clarifies disclosures for the payment of real property and school district taxes in installments.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2025-01-08 - referred to real property taxation [A00415 Detail]

Download: New_York-2025-A00415-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                           415

                               2025-2026 Regular Sessions

                   IN ASSEMBLY

                                       (Prefiled)

                                     January 8, 2025
                                       ___________

        Introduced  by M. of A. SHIMSKY -- read once and referred to the Commit-
          tee on Real Property Taxation

        AN ACT to amend the real property tax law, in relation to the payment of
          real property and school district taxes in installments; and to  amend
          a  chapter  of  the  laws  of  2024 amending the real property tax law
          relating to the payment of real property and school district taxes  in
          installments,  as  proposed in legislative bills numbers S. 3604-A and
          A.  7813-A, in relation to the effectiveness thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subparagraph  (xv)  of  paragraph (a) of subdivision 1 of
     2  section 922 of the real property tax law, as added by a chapter  of  the
     3  laws  of 2024 amending the real property tax law relating to the payment
     4  of real property and school district taxes in installments, as  proposed
     5  in legislative bills numbers S. 3604-A and A. 7813-A, is amended to read
     6  as follows:
     7    (xv)  notwithstanding any general, special or local law to the contra-
     8  ry, if [the owner has elected to pay] the taxes set forth in the  state-
     9  ment  are  payable  in  installments[,  pursuant  to this article,] such
    10  statement shall clearly disclose the  due  dates  for  payment  of  such
    11  [installment payments] installments without interest or penalties.
    12    §  2.  Subdivision  2  of section 974 of the real property tax law, as
    13  amended by a chapter of the laws of 2024 amending the real property  tax
    14  law  relating  to the payment of real property and school district taxes
    15  in installments, as proposed in legislative bills numbers S. 3604-A  and
    16  A.  7813-A, is amended to read as follows:
    17    2.  [a.] Such statement shall recite that such owner may elect, pursu-
    18  ant to section nine hundred seventy-five of this [chapter] title, to pay
    19  the taxes set forth in the statement in installments, as provided in the

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02671-01-5
        A. 415                              2

     1  local law enacted by the county pursuant to section nine hundred  seven-
     2  ty-two of this [chapter] title.
     3    [b.  If the owner has elected to pay the taxes set forth in the state-
     4  ment in installments, pursuant  to  this  article,]  In  addition,  such
     5  statement  shall  clearly  disclose  the  due  dates for payment of such
     6  [installment  payments]  installments  without  interest  and  penalties
     7  [shall be clearly disclosed on the statement outlined in subdivision one
     8  of this section].
     9    §  3.  Subdivision  2 of section 1338 of the real property tax law, as
    10  amended by a chapter of the laws of 2024 amending the real property  tax
    11  law  relating  to the payment of real property and school district taxes
    12  in installments, as proposed in legislative bills numbers S. 3604-A  and
    13  A.  7813-A, is amended to read as follows:
    14    2.  [a.] Such statement shall recite that such owner may elect, pursu-
    15  ant to section thirteen hundred forty of this [chapter] article, to  pay
    16  the  taxes set forth in the statement in installments as provided in the
    17  local law enacted by the county pursuant to section nine hundred  seven-
    18  ty-two of this chapter.
    19    [b.  If the owner has elected to pay the taxes set forth in the state-
    20  ment in installments, pursuant  to  this  article,]  In  addition,  such
    21  statement  shall  clearly  disclose  the  due  dates for payment of such
    22  [installment  payments]  installments  without  interest  and  penalties
    23  [shall be clearly disclosed on the statement outlined in subdivision one
    24  of this section].
    25    §  4.  Section  4  of  a chapter of the laws of 2024 amending the real
    26  property tax law relating to the payment of  real  property  and  school
    27  district taxes in installments, as proposed in legislative bills numbers
    28  S. 3604-A and A. 7813-A, is amended to read as follows:
    29    § 4. This act shall take effect [immediately] on the one hundred twen-
    30  tieth day after it shall have become a law.
    31    §  5.  This  act  shall take effect immediately and shall be deemed to
    32  have been in full force and effect on  and  after  September  27,  2024;
    33  provided  however,  that  sections  one, two and three of this act shall
    34  take effect on the same date and in the same manner as a chapter of  the
    35  laws  of 2024 amending the real property tax law relating to the payment
    36  of real property and school district taxes in installments, as  proposed
    37  in legislative bills numbers S. 3604-A and A. 7813-A.